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World Bank Slightly Ups Forecast for Burma Economy

7 October 2013

Burma’s economy is bucking a trend of slowing economic growth in the region, according to the World Bank. The East Asia Pacific Economic Update, published by the World Bank on Monday, said predictions for growth across Asean region for 2013 and 2014 were 5.1 percent and 5.7 percent, respectively. That is a drop of 0.3 percent for this year and 0.6 percent next year compared with the Bank’s predictions in April. But it said Burma’s economy will grow by 6.8 percent this year and 6.6 percent next year—an upward revision of 0.3 percent for both years compared with the April forecast.