Myanmar's economy is navigatingsignificant uncertainty and risks at home and abroad. A yearafter violent upheaval in Rakhine State led to the forceddisplacement of over seven hundred thousand refugees toBangladesh, limited progress has been made in resolvingfundamental issues relating to rights, repatriation andrecovery. Global economic and trade prospects have alsobecome more uncertain. Myanmar's economic growth isexpected to slow from 6.8 percent in 2017/18 to 6.2 percentin 2018/19, which is still robust by regional and globalstandards. Macroeconomic volatility has intensified sincethe May 2018 Myanmar Economic Monitor, with inflationbreaching two-year highs in August 2018, and the kyatdepreciating by 18 percent against the U.S. dollar sinceApril. Growth is projected to recover to 6.6 percent by2020/21, helped by recent policy changes such as theadoption of the Myanmar Sustainable Development Plan,liberalization of wholesale and retail trade, implementationof the Myanmar Companies Law and large investments ininfrastructure projects including those related to the Beltand Road Initiative. Risks to the outlook are tilted to thedownside due to the possibility of a global slowdown intrade, domestic macroeconomic imbalances, and the loss oftrade-related preferences to the European Union.
PDF
download
878987797
028-85220240
