Economic Growth in 2022

PrintMailRate-it
​​​​After the estimated contraction of the economy in Myanmar by 18 percent until 30 September 2021, the World Bank’s Myanmar Economic Monitor only predicts a 1 percent growth in 2022.  
  
Despite recent signs of a relative stabilization in some areas, the economy remains weak with an estimated loss in size of 30 percent compared to what it could have been without the pandemic and the coup. The limited access to adequate banking products, cumbersome transfers of funds, electricity and internet cut-offs, exchange rate losses and other factors are significant challenges for nearly all foreign investors. 
The outlook of the economic growth in this year highly depends on the further development of both, the conflict and the pandemic situation.

From The Newsletter

Contact

Contact Person Picture

Tobias Alker

Senior Associate

+95 9252 8910 12

Send inquiry

Skip Ribbon Commands
Skip to main content
Deutschland Weltweit Search Menu