After nearly half a century of isolation, followed by five years of reform-driven growth, Myanmar’s economy is currently expanding at a record rate. As of late 2015 rising investment, growing exports and steadily increasing foreign involvement were expected to push GDP growth to 9.3% during FY 2015/16, which ends in March 2016. The current period of economic expansion is a result of two main...
Economy
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Chapter | Trade & Investment from The Report: Myanmar 2016
With a newly elected government in power and nearly five years of growth in foreign trade and inward investment under its belt, Myanmar is widely expected to become increasingly integrated into the regional and global economy in the coming years. In the fiscal year (FY) through to April 2015, the nation reported total foreign trade receipts of $29.16bn, up from $18.17bn in the same period in...
Chapter | Country Profile from The Report: Myanmar 2016
Myanmar is currently passing through a crucial period of political reform, against the background of rapid economic growth and international openness. The successful November 2015 parliamentary elections capped a landmark year for the country. Myanmar has undergone changes that only a few years ago might have seemed unlikely, if not impossible. These events took place just over a decade since...
Many have hailed Myanmar’s recent economic, political and social restructuring as ground breaking, and for good reason. In a relatively short period the country’s economy has gone from being largely isolated to being a focal point for foreign investment.
Amid concerns that Brunei Darussalam’s budget deficit could exceed earlier forecasts, Pehin Dato Abd Rahman Ibrahim, the second minister of finance, delivered a precautionary speech in January, emphasising the importance of public spending cuts.
Articles & Analysis | With time, fiscal policy in Peru will stimulate economy from The Report: Peru 2016
Faced with slower GDP growth in 2014 and 2015, Peru is working to reinvigorate economic expansion through a series of counter-cyclical fiscal measures, aimed at developing infrastructure and education in particular. However, these spending packages have so far met with mixed results and will likely require more time to yield the broader...