GDP in Myanmar
Myanmar - GDPProspects appeared dim in Q3. Covid-19 cases jumped in July amid low vaccination coverage, forcing the introduction of new restrictions which likely weighed on activity. The manufacturing PMI became further entrenched in negative territory in the quarter amid shortages of materials, while exports and imports fell. Moreover, notable currency depreciation led to rising inflation, likely hitting private consumption. Turning to Q4, prospects have improved slightly: The currency has recovered some of its losses, and there was a slight rebound in the PMI in October–November. However, fixed investment likely continues to be hit by poor investor sentiment, with several international corporations announcing their intention to withdraw from the country. Moreover, intense civil conflict continues, while Canada, the UK and the U.S. imposed fresh sanctions on the regime in December.
Myanmar - GDP Data
|Economic Growth (GDP, annual variation in %)||7.0||5.9||5.8||6.4||6.8|
5 years of economic forecasts for more than 30 economic indicators.
Myanmar GDP Chart
|Bond Yield||16.00||0.0 %||Oct 15|
|Exchange Rate||1,476||0.0 %||Jan 01|
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