[QODLink]
Asia-pacific

Foreign investment drives Myanmar growth

Once considered the gem of South East Asia, Myanmar’s economy is regaining its lustre.

Last updated: 26 Dec 2013 11:30
Email Article
Print Article
Share article
Send Feedback

Myanmar is experiencing a surge of economic growth. Foreign investors are flocking to the southeast Asian nation after being denied entry during years of sanctions under military rule.

Foreign direct investment is up by 42 percent in a year. The World Bank forecasts the economy will grow by 6.8 percent in the next financial year.

But it's had an impact on inflation, which rose to 7.3 percent in August.

Al Jazeera's Florence Looi reports from the commercial hub Yangon.

73

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Featured on Al Jazeera
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Nearly half of Canadians have suffered inappropriate advances on the job - and the political arena is no exception.
Featured
Women's rights activists are demanding change after Hanna Lalango, 16, was gang-raped on a bus and left for dead.
Buried in Sweden's northern forest, Sorsele has welcomed many unaccompanied kids who help stabilise a town exodus.
A look at the changing face of North Korea, three years after the death of 'Dear Leader'.
While some fear a Muslim backlash after café killings, solidarity instead appears to be the order of the day.
Victims spared by the deadly disease are reporting blindness and other unexpected post-Ebola health issues.