Myanmar Economic Outlook
June 21, 2016
In 2015, Myanmar’s economy was negatively affected by adverse weather conditions, the global slowdown in economic activity and uncertainties ahead of the November elections. Nonetheless, Myanmar is among the fastest-growing countries in the region. In June, Asian Development Bank President Takehiko Nakao met with Foreign Minister Daw Aung San Suu Kyi to discuss the economic challenges for which the new government should prepare. According to their press release from 14 June, the ADB announced that it will expand its loans and continue to assist the government in implementing the essential reforms for economic and social development.
Myanmar Economy Data