Economy expected to average 7.1 percent growth over next three years
Myanmar’s economy is expected to grow by an average of 7.1 percent per year in the next three years, amid easing inflation and a rise in investments in infrastructure and sectors such as light manufacturing and hospitality, the World Bank said in a report on Monday. While the economic outlook is relatively favorable, risks to stable growth include a narrow production base, a more competitive global market, a lack of diversification in commodities and higher prices for international commodities, according to the latest edition of the bank’s Myanmar Economic Monitor. The report suggests that Burma should take steps to tackle a cautious approach among investors by improving the “clarity, communication and credibility” of its economic policies.
