During an event at the Sule Shangri-La Hotel in Yangon on Wednesday January 14th, the World Bank Group released its latest iteration of the Myanmar Economic Monitor.

Titled “Resilience Amidst Risk”, the report highlights that Myanmar’s economy continues to show resilience despite the ongoing global slowdown and domestic uncertainties.

“Myanmar continues to experience robust growth but as the global economic environment deteriorates, the importance of domestic factors such as prevalent conflict, low private sector productivity, and institutional constraints challenge investor sentiment and hamper the country’s long-term prospects,” said Gevorg Sargsyan, Acting World Bank Country Director for Myanmar.  “Urgent actions are needed to address sources of conflict, improve social inclusion, and foster a diversified and responsible private sector to sustain economic performance and set the foundation for Myanmar’s future prosperity.”

The Myanmar Economic Monitor is a biannual analysis of economic developments, economic prospects and policy priorities in Myanmar. The publication draws on available data reported by the Government of Myanmar and additional information collected as part of the World Bank Group’s regular economic monitoring and policy dialogue. It is available for download here.