- Myanmar’s economic growth is expected to increase to 6.3 percent this year
and 6.5 per cent in 2013, up from the initial projections of 6 per cent
and 6.3 per cent, the Asian Development Bank (ADB) said on Wednesday.
- The bank said that after years of rapid growth, the region must brace
for a prolonged period of moderate expansion amidst an ongoing slump in
global demand.
- Myanmar is benefiting from investment in oil, natural gas, and power, as
well as from growth in tourism, construction, and exports. The
investment environment has improved following reforms to unify multiple
exchange rates and as industrial countries ease their economic
sanctions.
(Source www.mizzima.com)
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