Myanmar: 2017 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Myanmar
IMF Staff Country Reports, March 28, 2018
Source details
- Canonical URL
- Myanmar: 2017 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Myanmar
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Bibliographic details
- Published: March 28, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484349175.002
Overview
- The 2017 Article IV Consultation highlights that Myanmar’s economy stabilized in 2016/17.
- The new government experienced a challenging first year with lower-than-expected growth of 5.9 percent in 2016/17.
- The medium-term macroeconomic outlook is described as favorable.
Macroeconomic performance in 2016/17
- Real GDP growth: 5.9 percent in 2016/17.
- Inflation: moderated to 6.8 percent.
- Current account deficit: fell to about 3.9 percent of GDP in 2016/17 from 5.1 percent in 2015/16.
- Main near-term drag factors:
- Weak agriculture production and exports.
- Temporary suspension of some construction projects in Yangon.
Outlook and projections for 2017/18
- Growth is expected to rebound to 6.7 percent in 2017/18.
- Drivers of the rebound:
- Recovering agriculture sector.
- Recovering exports.
- Higher fiscal spending anticipated in the second half of 2017/18 owing to buoyant tax revenues.
Policy-relevant themes and coverage
- Subject areas covered in the consultation:
- 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
Publication metadata (selected)
- Pages: 76
- Volume: 2018
- Issue: 090
- Series: Country Report No. 2018/090
- DOI: https://doi.org/10.5089/9781484349175.002
- ISBN: 9781484349175
- ISSN: 1934-7685
- Publication date on landing page: March 28, 2018
International Monetary Fund. Myanmar: 2017 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Myanmar, March 28, 2018.
Content in this bundle
- Country Report