BANGKOK -- Myanmar's economy could grow 1% in the year to Sept. 30 after plunging by 18% during the previous 12 months, although conditions remain bleak amid escalating conflict and lingering threats of a COVID-19 resurgence, according to the World Bank.
The projection, contained in the World Bank's Myanmar Economic Monitor report issued on Wednesday, comes nearly a year after the Feb. 1 military takeover, which has resulted in a marked rise in poverty and joblessness alongside severe disruptions in the financial sector and key services such as electricity, logistics and digital connectivity.
