Myanmar’s Potential
There has been a real buzz in the past few years as Myanmar’s reform process appears to signal an increasingly positive economic outlook for the general population. As predicted in 2012 by international institutions like Asian Development Bank (ADB), the Gross Domestic Product (GDP) 2012 has grown each year for an extended period – an average of 7.15% in the years 2012-2018 – and the positive outlook seems set to continue.
This being the case the country’s GDP per capita could reach $2,000-$3,000 by 2030 which would essentially propel Myanmar into the ranks of the middle-income countries. According to a World Bank country report released in December 2018, Myanmar’s economic growth is expected to be around 6.2% in 2018-19.
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