E3S Web Conf.
Volume 235, 20212020 International Conference on New Energy Technology and Industrial Development (NETID 2020)
|Number of page(s)||4|
|Section||Research on New Energy Technology and Energy Consumption Development|
|Published online||03 February 2021|
Analysis of myanmar’s macroeconomic development
Yunnan Normal University, Kunming, China
In recent years, the total GDP of myanmar has been increasing year by year. The year of 2018, the CPI growth rate reached 6.9%, although, the GDP growth rate of myanmar has increased to 6.8%, High economic growth and high inflation coexist. Myanmar’s unemployment rate is at a low level, stable at less than 2 percent. The import and export trade is in deficit. The net inflow of FDI is at a relatively stable low level. But there has been a big increase since 2010.In terms of international balance of payments, since 2012, with a large influx of foreign investment into myanmar’s infrastructure and other industries, the import demand for machinery and equipment has expanded significantly, and myanmar’s current account deficit has significantly expanded.
© The Authors, published by EDP Sciences, 2021
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