The World Bank estimates that poverty in Myanmar is twice as prevalent as Kovis-19.
The World Bank says poverty has more than doubled since before the outbreak of Kovis-19, especially as recent events have hit many places, including the poor, who have run out of resources.
According to a recent survey by Myanmar in October 2021, about half of all domestic companies face a shortage of inputs and raw materials.
This was directly linked to the rise in the value of the kyat and the devaluation of the kyat.
On the other hand, farmers are concerned about rising prices of key inputs for agriculture. There are many difficulties in obtaining a loan. There will continue to be difficulties in transporting goods.
As a result, agricultural products are declining; Rapid commodity prices and declining access to credit could worsen food security.
In addition, continued economic pressures will have a significant impact on vulnerabilities and food security.
Myanmar Mariam Shaman, the World Bank’s country director for Cambodia and Laos, warns that for most people in Burma, current and future forecasts remain extremely worrying.
The recent escalation of the conflict has raised concerns from a humanitarian perspective, with possible repercussions for businesses. He said Myanmar would be “extremely vulnerable” to the Kovich gene omega-3 because of the limited availability of vaccines and health needs.
Similarly, Kim Edwards, a senior economist at the World Bank in Burma, said most indicators were down sharply, with private investment falling sharply and declining demand for potential projects in the past, including the electricity sector, making it harder to stand on its own two feet.
In addition, the unemployment rate has risen sharply, with months of absenteeism. Displacement will also significantly reduce human resource skills and productivity in the long run.
In the current situation, there are still weak barriers to operations due to weaknesses in the input and demand sectors. Availability of raw materials; There are still problems with banking and internet access.
Therefore, the World Bank’s short-term forecast for Myanmar is the impact of the global epidemic and the impact of the conflict. Not only on the ups and downs of the foreign exchange and the financial sector, but also on electricity and gas. Major services, including freight and digital connectivity, will continue to be disrupted.
The Burmese economy and the people of Burma are still severely affected by the 2021 coup and the spread of the Kovis-19 epidemic. Fiscal year 2021 By September, Myanmar’s economic growth will slow to 18 percent, according to a World Bank report.
However, the current fiscal year 2022, As of September, Myanmar’s economic growth is projected to reach 1 percent.