News dalla rete ITA

29 Agosto 2018

Birmania - Thailandia

ECONOMIC OUTLOOK NEGATIVE: UMFCCI

According to the Business Sentiment Survey for the second quarter of 2018 conducted by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), Myanmar’ economy is in worse shape this year compared to 2017 and 2016.The Business Sentiment Survey for the second quarter polled more than 2,500 businesses in the manufacturing, services and trade sectors of Myanmar. The reasons why economic conditions had worsened, answers predominantly included the depreciation of the kyat against the dollar, limited access to banking services such as credit facilities as well as high taxes and tariffs imposed. All of these stunt the economy’s ability to grow.Due to higher costs of importing raw materials, the production sector is declining the fastest, followed by the services sector and the import and exports sectors, which are also witnessing a decline.The currency exchange rate has had a severe impact on traders and investors, said U Zaw Min Oo, chair of UMFCCI. (ICE BANGKOK)


Fonte notizia: The Myanmar Times