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Myanmar's economy badly dented by earthquake, World Bank says
The Straits Times
|June 13, 2025
GDP expected to contract by 2.5% in 2025/26, with more pushed into poverty
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BANGKOK - Myanmar's beleaguered economy is expected to contract by 2.5 per cent in the 2025/26 fiscal year, largely due to the devastating impact of a powerful earthquake in late March, the World Bank said in a report on June 12.
The World Bank said direct damage to property and infrastructure from the 7.7-magnitude quake was estimated at US$11 billion (S$14.1 billion), or 14 per cent of the nation's gross domestic product, estimating that economic output would be about US$2 billion lower than it otherwise would have been because of the quake.
The quake affected more than 17 million people, with nine million severely impacted, the World Bank said.
Cette histoire est tirée de l'édition June 13, 2025 de The Straits Times.
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