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Coup, COVID-19 Deal Dual Blows to Myanmar s Economy — Radio Free Asia

AFP Violent political conflict since the February military coup and a deadly third wave of the COVID-19 pandemic have pummeled Myanmar’s economy, with the World Bank predicting a double-digit contraction of GDP this year and many urban residents struggling with shrinking incomes and rising food prices. The military ouster of the country’s elected civilian-led government nearly six months ago came after a year of business and travel lockdowns to prevent the spread of the pandemic had hobbled the country’s $75 billion economy. The Feb. 1 coup d’état brought widespread anti-military protests and walkouts by civil servants and white-collar workers that were met with military violence, killing more than 900 civilians.

World Bank: Coup and Coronavirus Shrink Myanmar s Economy by 18% - New Delhi Times - India Only International Newspaper

World Bank: Coup and Coronavirus Shrink Myanmar s Economy by 18% - New Delhi Times - India Only International Newspaper
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