Myanmar economy is expected to recover as execution of projects related to China’s Belt and Road Initiative (BRI) commences, according to OCBC Bank reports. “Myanmar is still struggling to resolve fundamental concerns relating to basic human rights as well as the repatriation and recovery of refugees who fled to Bangladesh. Global economic prospects are increasingly gloomy as uncertainty over trade rises. However, not all hope is lost. With the recent policy changes and investments in infrastructure from BRI, Myanmar is forecast to enjoy a robust economic growth from a regional and global standpoint,” the analysts said. Some of the BRI projects are already starting including the construction of a deep-sea port in Kyaukphyu, Rakhine State. The original estimated cost of development for the entire project had been US$ 7.2 billion, with the first phase expected to cost US$ 1.6 billion.The second BRI project includes the construction of the Muse-Mandalay railway line. A feasibility study for the project is expected to be completed this year.