Myanmar coup and crisis cause major damage to its economy

[Thaiger]

The continued civic unrest after the military coup has ravaged Myanmar and its economy, with massive losses across all economic indicators, including Thailand’s exports to its troubled neighbour. This year’s exports from Thailand to Myanmar predicted to lose between 60 and 96.5 billion baht, between 51 and 82%, according to the University of the Thai Chamber of Commerce. The UTCC’s Center for International Trade Studies released a number of findings about Myanmar’s economy and its relation to Thailand and the countries of ASEAN. The study found the coup had caused major damage to the Burmese economy, starting with a 2.5% […]

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