YANGON, Apr 7 (Xinhua): Myanmar's economic growth is expected to pick up to an annual rate of 7.8 per cent for the next two fiscal years (2014-15 and 2015-16), according to the press release of Asia Development Bank (ADB) available here Monday.
The country's economic growth for the fiscal year 2013-14 which ended in March is estimated at 7.5 per cent, the release quoted ADB's latest Asian Development Outlook as saying.
A recent ADB study noted that the country could reach upper middle-income status by 2030 if it overcomes development challenges, but currently about 25 per cent of the population live below the national poverty line.
ADB sees Myanmar economy to grow 7.8pc in next 2 years
FE Team | Published: April 08, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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