[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
Your chance to be an investigative journalist in Al Jazeera’s new interactive game.
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Featured
Private citizens take initiative to help 'irregular' migrants, accusing governments of excessive focus on security.
Indonesia's cassava plantations are being killed by mealybugs, and thousands of wasps have been released to stop them.
Violence in Ain al-Arab has prompted many Kurdish Syrians to flee to Turkey, but others are returning to battle ISIL.
Unelected representatives quietly iron out logistics of massive TPP and TTIP deals among US, Europe, and Asia-Pacific.
Led by students concerned for their future with 'nothing to lose', it remains to be seen who will blink first.