Wednesday, April 6, 2016
Myanmar to grow around 8.4%
The Asian Development Bank (ADB) launched its Asian Outlook 2016 report last week, which called for the economy to grow around 8.4 percent this fiscal year. The report is an assessment and prediction on Myanmar’ 2016 economy and the challenges it faces. Overall, it predicts economic growth will recover and inflation will moderate in the 2016 fiscal year.
The economy in Myanmar continues to grow and will continue to grow for years as the country emerges from 50 years of backwards socialist thinking. The way to take advantage is to take a position and hold on for the long term. Yes the country has challenges but that is the opportunity.