{
  "title": "Myanmar: 2017 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Myanmar",
  "publication": "IMF Staff Country Reports, March 28, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/03/28/myanmar-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45763",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The 2017 Article IV Consultation highlights that Myanmar’s economy stabilized in 2016/17.\n- The new government experienced a challenging first year with lower-than-expected growth of 5.9 percent in 2016/17.\n- The medium-term macroeconomic outlook is described as favorable."
    },
    {
      "heading": "Macroeconomic performance in 2016/17",
      "content": "- Real GDP growth: 5.9 percent in 2016/17.\n- Inflation: moderated to 6.8 percent.\n- Current account deficit: fell to about 3.9 percent of GDP in 2016/17 from 5.1 percent in 2015/16.\n- Main near-term drag factors:\n  - Weak agriculture production and exports.\n  - Temporary suspension of some construction projects in Yangon."
    },
    {
      "heading": "Outlook and projections for 2017/18",
      "content": "- Growth is expected to rebound to 6.7 percent in 2017/18.\n- Drivers of the rebound:\n  - Recovering agriculture sector.\n  - Recovering exports.\n  - Higher fiscal spending anticipated in the second half of 2017/18 owing to buoyant tax revenues."
    },
    {
      "heading": "Policy-relevant themes and coverage",
      "content": "- Subject areas covered in the consultation:\n  - Banking\n  - Economic and financial statistics\n  - Exchange rates\n  - External debt\n  - External sector statistics\n  - Foreign exchange\n  - Public and publicly-guaranteed external debt\n  - Public debt\n  - Public financial management (PFM)\n  - Revenue administration"
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      "content": "- Pages: 76\n- Volume: 2018\n- Issue: 090\n- Series: Country Report No. 2018/090\n- DOI: https://doi.org/10.5089/9781484349175.002\n- ISBN: 9781484349175\n- ISSN: 1934-7685\n- Publication date on landing page: March 28, 2018\n\nInternational Monetary Fund. Myanmar: 2017 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Myanmar, March 28, 2018.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 28, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484349175.002",
    "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.",
    "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:",
    "Growth is expected to rebound to 6.7 percent in 2017/18.",
    "Drivers of the rebound:",
    "Subject areas covered in the consultation:",
    "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",
    "**Country Report**"
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