Myanmar's economy, once Asia's last frontier, lies in tatters

Retail, trade and market activity wither amid protests and crackdown

20210401N Myanmay protestor on motocycle

A man flashes the three-finger salute as he passes burning tires during a protest against the military coup in Mandalay. © Reuters

YOHEI MURAMATSU and KOYA JIBIKI, Nikkei staff writers

BANGKOK/JAKARTA -- Located in a vibrant region and with a sizable population, Myanmar was viewed as one of the most promising countries as it emerged from isolation. But two months after the Feb. 1 military takeover, the country's economy has ground to a near-standstill.

As an increasingly violent crackdown makes it more difficult for demonstrators to take to the streets, people are engaging in civil disobedience, including staying home from work, to undermine the junta and its economic interests.

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