IMF welcome Myanmar economy rebound, warn of downside risk

The International Monetary Fund has just released the findings of its Article IV consultation with Myanmar in which it welcomes the country’s economic rebound but cautions about the downside risk.On March 12, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Myanmar.Myanmar’s economy stabilized in 2016/17. The new government saw a challenging first year with lower-than-expected growth of 5.9 percent in 2016/17 mainly due to weak agriculture production and exports, and temporary suspension of some construction projects in Yangon. The fiscal consolidation to about 2.5 percent of GDP deficit in 2016/17, from the election year deficit of about 4.5 percent of GDP, helped to reduce central bank financing of the deficit and imbalances. Inflation moderated to 6.8 percent.…………….Please Log in or Subscribe to view full details…..

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