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(January 26, 2022) Myanmar's 'critically weak economy' to grow 1% in 2022: World Bank

BANGKOK -- Myanmar's economy could grow 1% in the year to Sept. 30 after plunging by 18% during the previous 12 months, although conditions remain bleak amid escalating conflict and lingering threats of a COVID-19 resurgence, according to the World Bank.

The projection, contained in the World Bank's Myanmar Economic Monitor report issued on Wednesday, comes nearly a year after the Feb. 1 military takeover, which has resulted in a marked rise in poverty and joblessness alongside severe disruptions in the financial sector and key services such as electricity, logistics and digital connectivity.

asia.nikkei.com/Spotlight/Myanmar-Crisis/Myanmar-s-critically-weak-economy-to-grow-1-in-2022-World-Bank


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