External Debt in Myanmar
Myanmar - External DebtViolent unrest rumbled on in Q2 as the opposition vied with the military junta for control of the government, casting the country further into an economic abyss, with the manufacturing PMI deep in contractionary territory. Turning to Q3, vaccine imports from China and Russia should have boosted the country’s supply of shots. However, amid a still-low vaccination rate, the Covid-19 surge continues to overwhelm the healthcare system. This, together with new restrictions, is weighing on economic activity, as indicated by a large drop in the manufacturing PMI in July. On the political front, a resolution of the crisis in the short term seems unlikely as the opposition remains divided. Moreover, China has de facto recognized the regime and ASEAN members are not expected to intervene. This bodes poorly for any normalization of economic conditions in the near term.
Myanmar - External Debt Data
|External Debt (% of GDP)||22.6||23.4||24.5||23.2||-|
5 years of economic forecasts for more than 30 economic indicators.
Myanmar External Debt Chart
Source: World Bank and FocusEconomics calculations.
|Bond Yield||16.00||0.0 %||Oct 15|
|Exchange Rate||1,476||0.0 %||Jan 01|
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