Myanmar: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar
IMF Staff Country Reports, February 2, 2017
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- Myanmar: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar
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Bibliographic details
- Published: February 2, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475574098.002
Economic performance and near-term outlook
- Myanmar’s economy grew at a pace of 7.3 percent in FY2015/16, broadly as expected, despite massive floods during July–September 2015.
- Activity softened during the first half of FY2016/17 but is expected to recover in the second half on account of the resumption of construction in Yangon after a temporary halt for regulatory compliance purposes.
- Growth of agricultural production was softer than expected.
External environment and trade-related developments
- The external environment has been weak owing to slowing demand from major trading partners and significant natural gas and other commodity price declines in 2015 and 2016.
- Resulting external pressures contributed to a widening external current account deficit.
Macroeconomic imbalances and risks
- Persistent macroeconomic imbalances include:
- continuing inflation pressure;
- an increased fiscal deficit;
- a widening external current account deficit.
Content in this bundle
- Country Report