Myanmar’s economic disaster bleeds deep and wide – Asia Times

Written by on January 24, 2023

After nearly two years of military rule, Myanmar remains trapped in conflict, facing increasing political instability and a growing humanitarian crisis.

While businesses and the labor market had already been affected by the Covid-19 pandemic, post-coup instability has done even more damage to Myanmar’s economy.

This began with a cash shortage, rapid depreciation of the kyat against major currencies such as the US dollar as well as a sharp rise in the prices of fuel, commodities and imported raw materials.

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