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Myanmar Generals Face Spiraling Economy, Threat of New Sanctions

  • Coup has put at risk more than a decade of economic growth
  • Threat of sanctions, worsening armed conflict drags on
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Myanmar's Coup 1 Year on

Myanmar’s coup leader-turned-premier Min Aung Hlaing is grappling with an economy weakened by clashes with armed ethnic groups, foreign investors cutting ties and the threat of more U.S. sanctions as the junta enters its second year of government. 

The aftermath of the Feb. 1 coup last year is putting at risk more than a decade of growth in the country, with the World Bank estimating the economy contracted by nearly a fifth in the last fiscal year. Myanmar’s economy might expand by just 1% in the current year to end-September, the bank has forecast.