Myanmar GDP growth expected to contract 18% : vimarsana.com

Myanmar GDP growth expected to contract 18%


Myanmar GDP growth expected to contract 18%
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published :
27 Jul 2021 at 07:22
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Women carry burning torches as they march during a demonstration against the military coup in Yangon on July 14, 2021. (AFP photo)
Myanmar's economy is expected to shrink by 18% in 2021, the World Bank said on Monday, as a result of massive unrest following a military coup and a resurgent coronavirus outbreak.
The country has been in turmoil since the military took power in February and launched a bloody crackdown on dissent that has killed more than 900 people according to a local monitoring group.
A mass civil disobedience movement has also paralysed the economy, with many banks shuttered and authorities unable to issue bills or collect taxes.

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