Myanmar: 2013 Article IV Consultation and First Review Under the Staff-Monitored Program
Electronic Access:
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Summary:
This 2013 Article IV Consultation highlights that recent economic developments in Myanmar have been positive. Growth is estimated to have risen to 6½ percent in FY2012/13 (April–May), driven by gas production, construction and services while inflation climbed to 4.7 percent in March 2013. The external current account deficit is estimated to have widened to about 4½ percent of GDP in FY2012/13, but to have been largely financed by foreign direct investment. The economic outlook remains favorable. Growth is expected to accelerate slightly in FY2013/14, led by rising gas production and investment, including in the transport and telecommunications sectors, and a recovery in agriculture.
Series:
Country Report No. 2013/250
Subject:
Banking Exchange rates External debt Fiscal policy Foreign exchange Public debt
English
Publication Date:
August 2, 2013
ISBN/ISSN:
9781616358822/1934-7685
Stock No:
1MMREA2013002
Pages:
78
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