TAG: Myanmar
As the rhetoric from the US White House swerves from combative to compromise and back again, uncertainty in the global trading environment is creating potential pitfalls for emerging markets the world over. In the Association of South-East Asian Nations (ASEAN), which counts China as its largest trading partner, member states watch with trepidation as President Donald Trump ramps up threats of levies on nearly all Chinese products shipped to the US.
With a young and burgeoning population, Myanmar has made notable progress and has substantial economic potential. However, a number of challenges persist, according to the 100 C-level executives who participated in the third and latest Business Barometer: Myanmar CEO Survey. Although Myanmar’s first credit bureau is preparing to begin operations, 83% of respondents say that access to credit remains difficult or very difficult. Furthermore, infrastructure gaps and the bureaucratic capacity of the public sector are seen as the factors most likely to weigh on economic development.