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Myanmar Crisis

Myanmar FDI drops to 8-year low, reflecting post-takeover unrest

IMF expects economy to shrink next year as foreign currency revenue disappears

Construction work at many redevelopment projects funded by foreign investment has come to a halt in Myanmar. Photo was taken Oct. 8.

BANGKOK/YANGON -- Foreign investment in Myanmar, first depressed by the COVID-19 pandemic and then by the political unrest that spread after the February military takeover, has fallen to an eight-year low, official numbers show.

And amid the country's streams of foreign currency drying up, the International Monetary Fund expects the economy to post negative growth next year.

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