Myanmar’s economy is showing signs of improvement, although it remains fragile. The World Bank reports that economic growth is uneven, with the poorest bearing the brunt. Despite a predicted 3% increase in GDP, there are various obstacles hindering progress, such as rising food costs, unemployment, and the impact of US sanctions on state-owned banks. The country also faces challenges relating to inflation, supply shortages, armed conflict, and an uncertain business environment. Furthermore, businesses like Inditex and Pact Global Microfinance Fund are leaving Myanmar. The overall situation highlights the fragile nature of Myanmar’s recovery.
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