{
  "title": "Myanmar: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar",
  "publication": "IMF Staff Country Reports, September 18, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/myanmar-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43293",
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  "summary": "This 2015 Article IV Consultation highlights that Myanmar’s economic growth remains strong, but macroeconomic imbalances have increased significantly over the past year. Real GDP growth for FY2014/15 (April–March) is estimated to have reached 8.5 percent.",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- Real GDP growth for FY2014/15 (April–March) is estimated to have reached 8.5 percent.\n- The fiscal deficit increased to 3 percent of GDP in FY2014/15.\n- Credit to the private sector continued to grow strongly at 35 percent (year over year) in March, albeit lower than in FY2013/14.\n- The current account deficit widened to more than 6 percent of GDP, largely reflecting a rapidly rising trade deficit.\n- The Myanmar economy is set for strong growth in 2015 amid signs of overheating.\n- The economy is expected to grow by 8.5 percent, reflecting strong growth momentum and expansionary macroeconomic policies."
    },
    {
      "heading": "Macroeconomic indicators (as reported)",
      "content": "- Real GDP growth (FY2014/15): 8.5 percent.\n- Fiscal deficit (FY2014/15): 3 percent of GDP.\n- Credit to the private sector (year over year, March): 35 percent.\n- Current account deficit: more than 6 percent of GDP.\n- Growth outlook for 2015: 8.5 percent."
    },
    {
      "heading": "Analysis and risks highlighted",
      "content": "- Macroeconomic imbalances have increased significantly over the past year.\n- Rapid private credit growth and a widening current account deficit point to overheating risks.\n- Expansionary macroeconomic policies are supporting strong growth but are associated with rising imbalances, notably a rapidly rising trade deficit contributing to the current account shortfall.\n\nSource: Myanmar: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar (September 18, 2015).\n\n---\n\n Content in this bundle\n\n- cr15267\n  - cr15267 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15267 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 18, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513509976.002",
    "Real GDP growth for FY2014/15 (April–March) is estimated to have reached 8.5 percent.",
    "The fiscal deficit increased to 3 percent of GDP in FY2014/15.",
    "Credit to the private sector continued to grow strongly at 35 percent (year over year) in March, albeit lower than in FY2013/14.",
    "The current account deficit widened to more than 6 percent of GDP, largely reflecting a rapidly rising trade deficit.",
    "The Myanmar economy is set for strong growth in 2015 amid signs of overheating.",
    "The economy is expected to grow by 8.5 percent, reflecting strong growth momentum and expansionary macroeconomic policies.",
    "Real GDP growth (FY2014/15): 8.5 percent.",
    "Fiscal deficit (FY2014/15): 3 percent of GDP.",
    "Credit to the private sector (year over year, March): 35 percent.",
    "Current account deficit: more than 6 percent of GDP.",
    "Growth outlook for 2015: 8.5 percent.",
    "Macroeconomic imbalances have increased significantly over the past year.",
    "Rapid private credit growth and a widening current account deficit point to overheating risks.",
    "Expansionary macroeconomic policies are supporting strong growth but are associated with rising imbalances, notably a rapidly rising trade deficit contributing to the current account shortfall.",
    "**_cr15267**"
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