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Myanmar Economy May Grow 6.75% This Year on Gas Output, IMF Says

Myanmar’s economy may grow 6.75 percent this fiscal year, led by natural gas sales and investment as the country moves to modernize its financial system, according to the International Monetary Fund.

Gross domestic product in the year ended March 31 expanded an estimated 6.5 percent, the IMF said in a statement today. Inflation in the fiscal year that began April 1 should be about 5.5 percent, while international reserves will rise as foreign investment offsets a wider current-account deficit, it said.