Myanmar Economic Monitor June 2019: Building Reform Momentum

“Acceleration of the reform agenda as envisioned in the Myanmar Sustainable Development Plan, along with targeted public investments and private sector participation, will lead to a consolidation of macroeconomic stability and help Myanmar maintain its positive momentum and meet its long-term growth targets.”

Ellen A. Goldstein
Director for Myanmar, Cambodia and Lao PDR, World Bank Myanmar.

In the Myanmar Economic Monitor June 2019, the country’s real GDP is projected to grow at 6.5 percent in 2018/19. The industrial and service sectors are key drivers of economic growth, with strong performance in the garments and construction fields. The report also notes the escalating momentum in the wholesale and retail sector, supported by ongoing reforms.

Myanmar’s economic outlook is positive, with growth projected to further accelerate to 6.7 percent by 2020/21. Growth will be supported by building reform momentum, planned large infrastructure projects and investment in sectors undergoing liberalisation.

The Myanmar Economic Monitor is a biannual analysis of economic developments, economic prospects and policy priorities in Myanmar by the World Bank Group. Read the full summary of key findings here.

Download the full report here

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