published by kwrintl on Sun, 09/02/2012 - 17:31
By Daniel Ten Kate - Aug 19, 2012 11:30 PM ET
Myanmar’s economy may grow as much as 8 percent a year over the next decade as inflation remains low and the government increases trade ties with neighbors China and India, according to the Asian Development Bank.
The near-term outlook for the economy, one-tenth the size of neighboring Thailand, is “relatively upbeat” because of higher foreign investment and commodity sales, the ADB said in a report today. Annual growth of 8 percent may triple per capita gross domestic product to $3,000 by 2030, it said.