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Myanmar Crisis

World Bank forecasts 18% annual decline for Myanmar's economy

New report details factors hitting economy and public health

A group of women hold torches as they protest against the military coup in Yangon on July 14.   © Reuters

BANGKOK/YANGON -- Myanmar's economy is expected to contract by 18% this year amid deepening political turmoil following the Feb. 1 military takeover and the rapid rise of a third wave of COVID-19, according to new research by the World Bank.

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