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Burma’s Economy to Grow Fourfold in Next Two Decades: Report

30 May 2013

A US-based economic think tank, the McKinsey Global Institute, forecasts that Burma’s economy could more than quadruple over the next two decades. In a new study, the institute says the country’s economy has the potential to expand to US $200 billion by 2030, up from $45 billion in 2010. “For much of the 20th century, Myanmar largely missed out on the spectacular growth seen across most of the global economy and most recently in its Asian peers. It now has the potential to be one of the fastest-growing economies in emerging Asia,” said the institute’s director, Richard Dobbs.