Myanmar's crisis-torn economy to contract further, World Bank warns

Report calls on Thailand to improve its treatment of migrant workers

20241211 Thai Embassy for visa appointments in Yangon

People wait in line to enter the Thai Embassy for visa appointments in Yangon on Feb. 20. Migration from Myanmar has risen sharply since the military government imposed conscription on young people in April. © AP

THOMPSON CHAU and HTET PHYOE, Contributing writers

TAIPEI/CHIANG MAI, Thailand -- Myanmar's conflict-ravaged economy is expected to contract further in 2025, according to the latest World Bank assessment, which paints a grim outlook for a country suffering from rapid currency depreciation, high inflation and a heavy regulatory environment.

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