Myanmar junta reaps millions in gem sales as economy crumbles

New data highlights potential for country to slide even deeper into poverty

202004090N myanmar jade (REUTERS)

Buyers look at pieces of jade at a market in Mandalay, Myanmar, in March 2019. © Reuters

GWEN ROBINSON, Nikkei Asia editor-at-large, and RORY WALLACE, Contributing writer

BANGKOK/YANGON -- Fresh economic data from private research groups suggest that Myanmar's economy is deteriorating more sharply than feared after the Feb. 1 coup, with heightened risks of soaring inflation, collapsing trade and increased poverty.

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