World Bank cuts growth forecast for Myanmar amid slowing investments
[…] “Myanmar’s macroeconomic environment remains stable, though economic growth is slowing to 5.9pc in 2016-17 compared to 7pc in 2015-16, weighed down by slower investment demand,” the Washington-based lender noted.
Despite notable reforms and strong foreign investment commitments, investment demand decelerated as private investors bided their time pending greater clarity in the government’s economic agenda, the World Bank said. …
Thompson Chau
