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.
