Current Account in Myanmar
Myanmar - Current Account (billions of U.S. Dollars)Economic growth should have been broadly stable in the second half of FY 2019 (April–September 2019). The manufacturing sector PMI averaged notably higher in H2 compared to H1, thanks to robust inflows of new orders and job creation. Nevertheless, the challenging external environment amid protracted Sino-American trade woes continued to weigh on the economy. This likely explains why industrial sector activity fell to a multi-year low in H1 FY 2019 and why economic growth softened in the same period despite a pick-up in the services and trade sector and a strong rebound in agricultural output. The latter was partly due to a base effect as agricultural output suffered from flooding in the interim period. In other news, the government relaxed visa rules in October and this should boost tourism going forward.
Myanmar - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-0.4||-2.6||-1.9||-2.4||-4.0|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||16.00||0.0 %||Jul 15|
|Exchange Rate||1,532||0.0 %||Sep 04|
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