Content type

Myanmar: No End In Sight To Economic Weakness

Country Risk / Myanmar / Thu 01 Jun, 2023

Key View

  • We expect the Myanmar economy to grow by 2.5% in FY2023 and 3.5% in FY2024, but that would still leave output 20% below where it was in FY2020, before the economy started contracting due to Covid-19 and the civil war.
  • The tepid economic rebound in FY2023 will be almost entirely driven by exports to Mainland China, and the domestic
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Suspension Of Tin Mining In Myanmar To Weigh On Global Supply

Mining / Myanmar / Fri 19 May, 2023

Key View

  • We expect Myanmar’s suspension of tin mining in the Wa region from August 2023 onwards to pressure global supplies and prop prices higher in the short-to-medium term.
  • We have revised down our forecast for Myanmar’s tin production and expect a decline of 30% y-o-y in 2023, decreasing to 28mnt from 40mnt in 2022. We expect slow
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Myanmar's Power Sector Outlook Remains Poor, Limited Growth Expected

Power / Myanmar / Mon 15 May, 2023

Key View

  • We maintain our view that Myanmar's power sector expansion will be limited, reflecting the bleak outlook for the market over the coming 10 years.
  • This is a result of increasing isolation from international communities and falling foreign investor interest as Myanmar has experienced major foreign companies ceasing operations and
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Myanmar's Economy To Remain In Dire Straits

Country Risk / Myanmar / Mon 21 Nov, 2022

Key View

  • While we expect that real GDP growth in Myanmar will pick up from 0.5% in 2022 to 2.5% in 2023, this would still leave output 15% below where it was before the civil war caused the economy to contract by 18.0% in 2021.
  • There are signs that businesses have been adapting to the turbulent political landscape, and an economic rebound
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Myanmar Real GDP To Contract Further In 2022

Country Risk / Myanmar / Fri 25 Feb, 2022

Key View

  • We at Fitch Solutions maintain our real GDP growth forecast for FY2021/22 (October-September) at a 4.4% contraction, reflecting our view for a further contraction after our estimate of a 20.0% contraction in FY2020/21.
  • Private consumption will decline further because of depleting savings and limited cash access for the population
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Further Economic Contraction For Myanmar In FY2021/22

Country Risk / Myanmar / Tue 07 Sep, 2021

Key View

  • We at Fitch Solutions have revised our real GDP growth forecast for FY2021/22 (October – September) to -4.4%, from 2.8% previously, reflecting our view for a further contraction after our forecast of a 20% contraction in FY2020/21.
  • Depleting savings, and limited cash access for the population, a lack of work, and surging inflation
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Myanmar Shipping Forecast

Logistics & Freight Transport / Myanmar / Mon 12 Jul, 2021

Key View: Instead of rebounding in 2021 as the Covid-19 outbreak fades, Myanmar's shipping sub-sector will contract significantly due to prolonged civil unrest in the country. The longer-term outlook is more positive, in part to investment in logistics infrastructure in the country.  

Latest Updates
  • We forecast tonnage and container
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