Public Debt in Myanmar
Myanmar - Public DebtThe economy likely took a severe hit from the coronavirus pandemic in H1. Disrupted global supply chains and vanishing demand from abroad hammered the important clothing industry, leading to factory closures and significant job losses. Household spending suffered as a result, also weighed down by shrinking remittances, while travel restrictions hit the tourism sector hard. Turning to Q3, the manufacturing PMI moved into expansionary territory in July and rose to a 15-month high in August, as output expanded at the fastest pace in over two years and employment returned to growth. However, due to a recent surge in Covid-19 cases, the government increased lockdown measures in early September, boding ill for recovery. On the political front, the campaign for November’s general elections started on 8 September, with the ruling National League for Democracy party leading the polls.
Myanmar - Public Debt Data
|Public Debt (% of GDP)||35.8||37.8||38.3||36.3||38.2|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||16.00||0.0 %||Oct 15|
|Exchange Rate||1,476||0.0 %||Jan 01|
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