The country of 55 million people has been in turmoil since 2021
MYANMAR - Myanmar 's economy is expected to shrink by 1% in the current fiscal year, the World Bank said on Wednesday, sharply downgrading its economic forecast as severe floods compounded the challenges facing the conflict-torn country.
when the military seized power from the elected civilian government triggering a nationwide protest movement that evolved into an armed rebellion against the junta. "The level and intensity of armed conflict remains high, severely affecting lives and livelihoods, disrupting production and supply chains, and heightening uncertainty around the economic outlook," the World Bank said in its report released on Wednesday.
"The manufacturing and services sectors are projected to contract slightly, given persistent shortages of raw materials, imported inputs and electricity, weak domestic demand, and the ongoing impacts of conflict and economic uncertainty," it said.About 25% of Myanmar's population is experiencing acute food insecurity due to inflation and supply shortages exacerbated by the war, the World Bank said.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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