Myanmar

economy

Alison Vicary

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

The NLD took office with an economy that has grown steadily in the last few years, with average annual growth rates of around 7% - the fastest in the region. Since then growth continues to remain strong, much of it driven by the agricultural sector, but the recent (probably temporary) bans on pulse imports by India threatens growth in the short-term. Under the NLD government, inflation has declined to around 5% (partly due to declines in the monetization of the deficit), budget deficits have declined, and the current account deficit has stabilised. The NLD government, in 2018, finally released a draft of a comprehensive policy program - Sustainable Development Plan - that when finalised will include comprehensive policies to back up its 12-point economic plan, launched before the election.
Original languageEnglish
Title of host publicationThe Far East and Australasia 2019
Place of PublicationAbigndon ; New York
PublisherRoutledge
Edition50th
ISBN (Print)9781857439441
Publication statusPublished - 2018

Publication series

NameThe Far East and Australasia
PublisherRoutledge

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  • Cite this

    Vicary, A. (2018). Myanmar: economy. In The Far East and Australasia 2019 (50th ed.). (The Far East and Australasia). Abigndon ; New York: Routledge.