Myanmar Slashes Trade Target on Covid After Crippling Coup

May 21 2021, 10:55 PM
May 21 2021, 11:21 AM
May 21 2021, 10:55 PM
(Bloomberg) -- Myanmar, which has been in turmoil since a military coup in February, cut its trade target for this year by 16%, citing the impact of Covid-19.
(Bloomberg) -- Myanmar, which has been in turmoil since a military coup in February, cut its trade target for this year by 16%, citing the impact of Covid-19.
The government reduced its trade outlook to $29 billion, from $34.7 billion forecast around the start of the fiscal year in October, Ministry of Commerce spokesman Khin Maung Lwin said in an interview this week. That would be down 21% from the previous fiscal and the lowest in five years, according to ministry data.

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