Publication:
Myanmar Economic Monitor, July 2021: Progress Threatened; Resilience Tested

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2021-07-26T15:49:16Z
dc.date.available2021-07-26T15:49:16Z
dc.date.issued2021-07
dc.description.abstractIn February 2021 the military assumed power in Myanmar, setting back the country’s democratic transition, and immediately impacting an economy that had already been weakened by Coronavirus disease 2019 (COVID-19). While the initial economic impacts of the coup were extremely severe, in May and June there were early signs that constraints were easing in some areas. Mobility at retail and transport venues improved after the Thingyan holiday in April, and there were reports that factory workers, bank staff, and some public servants had returned to work. Several international apparel buyers resumed placing new orders with garment manufacturers, and logistics bottlenecks eased. Amid substantial uncertainty around the magnitude and duration of recent economic shocks, there are large risks associated with these projections. Relatively severe economic impacts already appear to have persisted for longer than what was assumed even in March, when the authors projected a 10 percent contraction in gross domestic product (GDP) in FY21. The third wave of COVID-19 will have substantial additional economic impacts in the September quarter, although the magnitude of these impacts will depend on how the outbreak evolves. Since February the environment for doing business has worsened considerably, impacting productivity across the economy as scarce resources are allocated toward dealing with supply-side constraints. Lost months of education at school and university are of critical concern, including because of the longer-term implications for the accumulation of human capital and productive capacity. With these fundamental drivers of long-term growth at risk, there are already early signs of increased dependence on extractive and or illicit activities, and a return to the inward-looking policies that have characterized much of Myanmar’s history.en
dc.identifierhttp://documents.worldbank.org/curated/en/884011627285477076/Myanmar-Economic-Monitor-Progress-Threatened-Resilience-Tested
dc.identifier.doi10.1596/36020
dc.identifier.urihttps://hdl.handle.net/10986/36020
dc.languageEnglish
dc.publisherWorld Bank, Myanmar
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC SHOCK
dc.subjectECONOMIC RESILIENCE
dc.subjectTRADE
dc.subjectINVESTMENT
dc.subjectMONETARY POLICY
dc.subjectFISCAL TRENDS
dc.subjectFINANCIAL SECTOR
dc.subjectEXCHANGE RATE
dc.subjectPOVERTY
dc.subjectHOUSEHOLD WELFARE
dc.subjectECONOMIC OUTLOOK
dc.subjectRISKS
dc.titleMyanmar Economic Monitor, July 2021en
dc.title.subtitleProgress Threatened; Resilience Testeden
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleMyanmar Economic Monitor, July 2021
okr.date.disclosure2021-07-26
okr.date.doiregistration2025-05-07T08:36:53.519912Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/884011627285477076/Myanmar-Economic-Monitor-Progress-Threatened-Resilience-Tested
okr.guid884011627285477076
okr.guid256411627285791100
okr.identifier.externaldocumentum090224b0888295de_1_0
okr.identifier.internaldocumentum33293707
okr.identifier.report162100
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/884011627285477076/pdf/Myanmar-Economic-Monitor-Progress-Threatened-Resilience-Tested.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryMyanmar
okr.topicHealth, Nutrition and Population::Disease Control & Prevention
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Employment and Shared Growth
okr.topicSocial Protections and Labor::Employment and Unemployment
okr.unitMyanmar Country Unit (EACMM)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
Myanmar-Economic-Monitor-Progress-Threatened-Resilience-Tested.pdf
Size:
2.22 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
Myanmar-Economic-Monitor-Progress-Threatened-Resilience-Tested.txt
Size:
235.71 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Economic Updates and Modeling