Myanmar Economic Monitor, December 2024
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Washington, DC: World Bank
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Economic conditions have deteriorated
further in the past six months, with recent devastating
floods adding to ongoing challenges associated with armed
conflict and macroeconomic volatility. In conjunction with
heavy monsoon rains, Typhoon Yagi, which struck Myanmar in
early September, triggered flooding which is estimated to
have affected 2.4 million people (4.4 percent of the
population) across 192 townships. About 20 percent of total
built-up structures (more than half a million buildings) and
nearly 10 percent of Myanmar’s roads were affected by the
floods, alongside damages to other infrastructure. Results
from the September/October round of the World Bank Firm
Survey indicate that more than a third of firms were
affected by these floods, including more than half of all
agricultural firms. Typhoon Yagi, Cyclone Mocha in May 2023,
and the widespread impacts of related floods are stark
reminders of natural disaster risks in Myanmar which are
expected to worsen further with climate change.
International benchmarking indicates that despite its high
climate vulnerability Myanmar’s disaster preparedness is
relatively low, amplifying social and economic risks.
Palabras clave
ECONOMIC GROWTH, CLIMATE ACTION