Non-paper - 13 Jan 2018 - Myanmar Economic Forecast for 2018

Myanmar Economic Forecast for 2018 and Economic Update 

Overview: Myanmar’s economy is expected to recover in 2017/2018 due to the notable reforms and strong foreign investment flowing into the country. In 2017, the government pursued a prudent fiscal policy, which includes passing a new tax law, granting permission for additional foreign banks to operate in Myanmar, and liberalizing the investment law to attract more foreign direct investment.

However, the recent escalation of tension in Rakhine State and insufficient information on thegovernment’s economic agenda may slow down investment, as investors prefer to wait for a clearer economic policy. As such,the business community has called on the government to be more decisive and efficient in implementing reform in 2018, in order to attract investors who want to see a stronger leadership and clearer direction from the government in liberalizing various sectors, accelerating reforms on tax, land, and infrastructure, and implementing the new Companies Law as soon as possible.

For further information, please click: Non-paper - 13 Jan 2018 - Myanmar Economic Forecast for 2018

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