ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Can Myanmar sustain growth momentum?

Analysts warn that expansion depends on more foreign investment

 (placeholder image)
Myanmar's State Counsellor Aung San Suu Kyi   © Reuters

YANGON -- The World Bank's forecast on Jan. 30 that Myanmar's economy will grow by more than 7% annually for the next three years might appear to be overly optimistic.

In the latest issue of its Myanmar Economic Monitor, the World Bank said that while growth would most likely be around 6.5% for fiscal year 2017 (ending March 31), it would then accelerate on increased investment in infrastructure and sectors such as hospitality. The adverse effects of floods in 2015 would wear off, particularly in the agricultural sector, which accounts for about 60% of the workforce and nearly 40% of the economy.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more