Significant economic impacts due to COVID-19 and falling remittances in Myanmar

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dc.creatorDiao, Xinshen
dc.creatorWang, Michael
dc.date2020-06-01
dc.date2024-05-22T12:12:13Z
dc.date2024-05-22T12:12:13Z
dc.date.accessioned2026-06-27T15:06:33Z
dc.descriptionThe COVID-19 pandemic and government lockdown in Myanmar have led to falling exports and lost revenue from tourism and international remittances, hitting the economy hard. In a new series of policy notes, we examine the economic impacts of the pandemic and restrictive measures to mitigate the health crisis, and offer policy recommendations to address declining incomes and other impacts. Our analysis shows a major short-term economic contraction as a result of the two-week lockdown in April — a 41% decline in GDP along with similar declines in most nonagricultural sectors in comparison to the same period without a pandemic. This is not surprising, as Myanmar’s economy is deeply integrated into a complex supply network both domestically and internationally, and policies affecting certain industries have ripple effects on other sectors through supply and demand linkages. In addition, approximately 4 million Myanmar migrants work internationally, and their lost income due to lockdowns in neighboring countries is expected to impose ongoing significant burdens on low-income households that receive remittances.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/143147
dc.identifier.urihttp://hdl.handle.net/123456789/94788
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.relationhttps://doi.org/10.2499/p15738coll2.133762
dc.relationhttps://www.ifpri.org/blog/significant-economic-impacts-due-covid-19-and-falling-remittances-myanmar
dc.rightsOpen Access
dc.sourceDiao, Xinshen; and Wang, Michael. 2020. Significant economic impacts due to COVID-19 and falling remittances in Myanmar. In COVID-19 and global food security, eds. Johan Swinnen and John McDermott. Part Three: Labor restrictions and remittances, Chapter 13, Pp. 60-62. Washington, DC: International Food Policy Research Institute (IFPRI). https://doi.org/10.2499/p15738coll2.133762_13.
dc.subjectmodels
dc.subjectlow income groups
dc.subjecteconomic impact
dc.subjectexports
dc.subjectcovid-19
dc.subjectremittances
dc.subjectsocial protection
dc.subjectfood security
dc.subjectcash transfers
dc.subjectgross national product
dc.subjectpoverty
dc.titleSignificant economic impacts due to COVID-19 and falling remittances in Myanmar
dc.typeBook Chapter

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