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Continued Reform in Myanmar Brings Economic Growth

myanmar-growths

Economic growth is expected at 7.5% for Gross Domestic Product (GDP) for the fiscal year 2013 which ended according to Asia Development Bank. Business confidence has greatly improved as reflected by the increase in new business  registrations.

Growth is expected to come in at 7.8% for 2014 as a result of continued reform and foreign investment. With only 28%  of the population having access to electricity, inadequate electrification  of Myanmar could present a threat to growth. Also, inflation is expected to climb due to increase in public sector wages and rising property prices.

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