Myanmar economy to grow 3%, but far less than 2020: World Bank

Inflation, supply shortages show military's failure to regain business confidence

20230130 Yangon market Nitta

People shop at a market in Yangon on Jan. 24. Myanmar's economy is expected to grow this year, but not enough to recover to levels before February 2021 when the military took power.

THOMPSON CHAU and DOMINIC OO, Contributing writers

TAIPEI/YANGON -- Myanmar's crisis-ridden economy is expected to grow 3% in the fiscal year ending September, leaving it well below levels reached before the military takeover two years ago, the World Bank said in a report released on Monday.

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