Myanmar Economic Monitor, May 2018 : Growth Amidst Uncertainty

Myanmar Economic Monitor, May 2018 : Growth Amidst Uncertainty

Myanmar's economy performed better in 2017/18 with a modest growth acceleration that partially reversed the deterioration experienced in 2016/17. While the outlook remains positive, risks have intensified. The economy experienced a broad-based...

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Bibliographic Details
Main Author: World Bank Group
Format: Report
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
EQUITABLE GROWTH
ECONOMIC GROWTH
ECONOMIC OUTLOOK
FOREIGN DIRECT INVESTMENT
PRODUCTIVITY
RISKS
FINANCE
TRADE
MONETARY POLICY
FISCAL TRENDS
BUDGET EXECUTION
BUSINESS ENVIRONMENT
INDUSTRIAL ZONES
Online Access:http://documents.worldbank.org/curated/en/111271527015535987/main-report
http://hdl.handle.net/10986/29917
id okr-10986-29917
recordtype oai_dc
spelling okr-10986-299172021-05-25T09:15:01Z Myanmar Economic Monitor, May 2018 : Growth Amidst Uncertainty World Bank Group EQUITABLE GROWTH ECONOMIC GROWTH ECONOMIC OUTLOOK FOREIGN DIRECT INVESTMENT PRODUCTIVITY RISKS FINANCE TRADE MONETARY POLICY FISCAL TRENDS BUDGET EXECUTION BUSINESS ENVIRONMENT INDUSTRIAL ZONES Myanmar's economy performed better in 2017/18 with a modest growth acceleration that partially reversed the deterioration experienced in 2016/17. While the outlook remains positive, risks have intensified. The economy experienced a broad-based increase in real GDP growth to 6.4 percent in 2017/181 from 5.9 percent in 2016/17. Inflation moderated from 7 percent in 2016/17 to 5.5 percent in 2017/18. The exchange rate was stable and appreciated slightly towards the end of the year, the current account deficit narrowed slightly on strong export growth, and the fiscal deficit also narrowed in the first three quarters of the fiscal year. While performance remains strong and the macroeconomic outlook is positive, there are concerns that the slow pace of reforms, vulnerabilities in the financial sector, and limited progress in addressing the humanitarian crisis in Rakhine are starting to affect business sentiment and could weaken performance. External risks from uncertainty in global trade policy and in commodity prices intensify the downside risks to the growth outlook. 2018-06-20T16:47:31Z 2018-06-20T16:47:31Z 2018-05 Report http://documents.worldbank.org/curated/en/111271527015535987/main-report http://hdl.handle.net/10986/29917 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Myanmar
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic EQUITABLE GROWTH
ECONOMIC GROWTH
ECONOMIC OUTLOOK
FOREIGN DIRECT INVESTMENT
PRODUCTIVITY
RISKS
FINANCE
TRADE
MONETARY POLICY
FISCAL TRENDS
BUDGET EXECUTION
BUSINESS ENVIRONMENT
INDUSTRIAL ZONES
spellingShingle EQUITABLE GROWTH
ECONOMIC GROWTH
ECONOMIC OUTLOOK
FOREIGN DIRECT INVESTMENT
PRODUCTIVITY
RISKS
FINANCE
TRADE
MONETARY POLICY
FISCAL TRENDS
BUDGET EXECUTION
BUSINESS ENVIRONMENT
INDUSTRIAL ZONES
World Bank Group
Myanmar Economic Monitor, May 2018 : Growth Amidst Uncertainty
geographic_facet East Asia and Pacific
Myanmar
description Myanmar's economy performed better in 2017/18 with a modest growth acceleration that partially reversed the deterioration experienced in 2016/17. While the outlook remains positive, risks have intensified. The economy experienced a broad-based increase in real GDP growth to 6.4 percent in 2017/181 from 5.9 percent in 2016/17. Inflation moderated from 7 percent in 2016/17 to 5.5 percent in 2017/18. The exchange rate was stable and appreciated slightly towards the end of the year, the current account deficit narrowed slightly on strong export growth, and the fiscal deficit also narrowed in the first three quarters of the fiscal year. While performance remains strong and the macroeconomic outlook is positive, there are concerns that the slow pace of reforms, vulnerabilities in the financial sector, and limited progress in addressing the humanitarian crisis in Rakhine are starting to affect business sentiment and could weaken performance. External risks from uncertainty in global trade policy and in commodity prices intensify the downside risks to the growth outlook.
format Report
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Myanmar Economic Monitor, May 2018 : Growth Amidst Uncertainty
title_short Myanmar Economic Monitor, May 2018 : Growth Amidst Uncertainty
title_full Myanmar Economic Monitor, May 2018 : Growth Amidst Uncertainty
title_fullStr Myanmar Economic Monitor, May 2018 : Growth Amidst Uncertainty
title_full_unstemmed Myanmar Economic Monitor, May 2018 : Growth Amidst Uncertainty
title_sort myanmar economic monitor, may 2018 : growth amidst uncertainty
publisher World Bank, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/111271527015535987/main-report
http://hdl.handle.net/10986/29917
_version_ 1764470705816076288

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