TAIPEI/CHIANG MAI, Thailand -- Myanmar's conflict-ravaged economy is expected to contract further in 2025, according to the latest World Bank assessment, which paints a grim outlook for a country suffering from rapid currency depreciation, high inflation and a heavy regulatory environment.
Soaring migration, particularly illegal movement triggered by the imposition of conscription on young people in February, is exacerbating the multifaceted crisis, the bank said in its "Compounding Crises" report, published on Wednesday.
