Overview

• Myanmar's economy is forecast to grow only 1% in the fiscal year that ends in March, according to a World Bank report.
• Intensified fighting near Myanmar’s border with China has blocked trade routes, causing shortages of food and other necessities and worsening inflation that was already near 30%.
• The total number of people displaced by fighting has risen to some 2.5 million.
• Power outages are affecting both homes and businesses, with costs for running generators during blackouts causing garment manufacturers losses amounting to nearly a third of their sales in 2022.
• Average household incomes fell by 10% in the April-June quarter compared with a year earlier.