Myanmar: 2017 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Myanmar
March 28, 2018
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This 2017 Article IV Consultation highlights that Myanmar’s economy stabilized in 2016/17. The new government saw a challenging first year with lower-than-expected growth of 5.9 percent in 2016/17 mainly owing to weak agriculture production and exports, and temporary suspension of some construction projects in Yangon. Inflation moderated to 6.8 percent, and the current account deficit fell to about 3.9 percent of GDP in 2016/17 from 5.1 percent 2015/16. The medium-term macroeconomic outlook remains favorable. Growth is expected to rebound to 6.7 percent in 2017/18 mainly supported by a recovering agriculture sector and exports. Higher fiscal spending anticipated in the second half of 2017/18 owing to buoyant tax revenues will also support growth.
Subject: Banking, Economic and financial statistics, Exchange rates, External debt, External sector statistics, Foreign exchange, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM), Revenue administration
Keywords: a number of development priority, Asia and Pacific, center, CR, credit growth, Exchange rates, External sector statistics, Global, inflow data, ISCR, reform direction, reform sequencing
Pages:
76
Volume:
2018
DOI:
Issue:
090
Series:
Country Report No. 2018/090
Stock No:
1MMREA2018001
ISBN:
9781484349175
ISSN:
1934-7685
