GDP growth quickened to an estimated 6.3% in FY2012 (ended 31 March
2013) compared with an average of 5% in the previous 5 years. The pickup
reflects business optimism buoyed by the government’s s...
teps since 2011
to liberalize the economy and prospects for further reform. A modest
slowdown in agricultural growth in FY2012, partly reflecting floods
in August 2012, was more than offset by increases in industrial output
(Official national accounts data are available only on an annual basis
with a 2-year lag and they show considerably higher rates of GDP growth,
which are inconsistent with correlates of growth such as energy use.)
The number of foreign firms granted investment approval rose to 62
in April–December 2012, well above the total for the 3 previous fiscal
years (Figure 3.27.1)
Note: Data in fiscal year (FY). 2012 data covers April–December 2012 only.
Source: Central Statistical Organization. ( http://www.tradingeconomics.com/myanmar/gdp-growth-annual )
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