Mizzima-May 29, 2022

Ever since the Myanmar military launched a coup on 1 February 2021, the country’s economy has been in virtual freefall. The costs of essential food items continue to rise, while a recent UNDP report predicts the country’s poverty headcount will return to levels not seen since 2005. And matters have not been helped by external events impacting the Myanmar economy, such as the ongoing COVID-19 pandemic and price hikes in oil owing to the Russian invasion of Ukraine. Read more at: https://www.mizzima.com/article/can-myanmar-be-next-sri-lanka First published in Mizzima