World Bank forecasts Myanmar's economic growth to remain subdued


  • World
  • Wednesday, 16 Dec 2020

YANGON, Dec. 16 (Xinhua) -- The World Bank forecast Myanmar's economy to remain subdued at 2 percent in present fiscal year FY 2020-2021 which started in October, according to Myanmar Economic Monitor report launched on Wednesday.

The World Bank also forecast that Myanmar's economic growth may slowly recover to 7 percent on average with positive medium-term outlook, supported by public investment, resurgence in manufacturing and productivity gains associated with the adoption of digital technology.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Canada's British Columbia calls off drug decriminalization pilot project
3 killed after building collapses in north Nigeria
Aerosmith frontman Steven Tyler wins dismissal for good of sexual assault lawsuit
Chinese company to build photovoltaic factory in Saudi port
Nearly 23 pct of Canadian population reported food insecurity in 2022
Canada announces investment to grow semiconductor supply chain
U.S. stocks close higher
Feature: Chinese firms eager to showcase new products at Spain seafood fair
Slovenia's jobless rate falls to historic low
Crude futures settle higher

Others Also Read