Poverty Has Doubled in Burma, World Bank Says

July 22nd, 2022

Awake Goy

Burma’s economy remains weak, and poverty is estimated to have doubled, with internal conflicts, inflation, and rapid policy shifts complicating businesses, the World Bank said on Tuesday.
Economic growth in the military-ruled country is projected to grow 3 percent in the fiscal year ending in September 2022, following an 18 percent contraction the previous year, according to the World Bank.
“A return to pre-pandemic levels of economic activity is unlikely in the near term, in sharp contrast to the rest of the East Asia and Pacific region, where GDP in all large countries is estimated to have recovered above 2019 levels or is projected to do so in 2023,” it said…. Source

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