Myanmar’s economy is forecast to contract this year, the World Bank said Wednesday, as flooding and fighting take a severe toll nearly four years after the military ousted its elected government headed by Aung San Suu Kyi.
In an update issued Wednesday, the bank said about a fifth of all built structures and a tenth of Myanmar’s roads had been damaged by widespread flooding during heavy monsoon rains and a typhoon that swept through the country in September. About 2 million people were left homeless, the report said.
