07 Oct '17, 12am

Time to focus on Myanmar's economy

Time to focus on Myanmar's economy

Much has been said about the National League for Democracy (NLD)-led elected government's stance on peace and security in recent weeks, with attention being drawn to the conflicts in Rakhine state and the actions of Myanmar's de facto leader Aung San Suu Kyi. Within the country there is concern, however, over the state of the economy. Recently, Professor Sean Turnell of Macquarie University of Australia, the Special Economic Consultant to the State Counsellor of Myanmar, came out to paint a positive picture of the Myanmar economy at his briefing, Myanmar's Economy 2017: Taming Dragons, Finding Tigers. He said the NLD government has saved the economy from bankruptcy after the so-called "sugar-rush" spending during the final years of the previous Thein Sein administration. The previous government was wasteful as it pushed the Budget deficit to 4.5 per cent of gross domestic ...

Full article: http://www.straitstimes.com/asia/se-asia/time-to-focus-on...

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