Some hopeful signs this year but pre-Covid levels might not be reached until 2027 or 2028
A man crosses an almost empty street during a “silent strike” to protest and mark the second anniversary of the Myanmar military coup, in Yangon on Feb 1 this year. (Photo: AFP)
The economy of Myanmar has shown some signs of stabilising in the first half of this year but it is unlikely to recover to pre-Covid levels until 2027 or 2028, according to the World Bank.
The recovery is being hampered by a shortage of foreign exchange, import restrictions and power outages, the development lender said in its latest Myanmar country report released on Tuesday.
The business environment remains challenging and many…
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