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YANGON — Poverty in Myanmar is more widespread than at any time in the last six years and growth in the conflict-torn nation is likely to remain at a measly one per cent in the current fiscal year with little respite in sight, the World Bank said on June 12.
In April 2024, extreme heat hit South and Southeast Asia, affecting nations like India, the Philippines, Bangladesh, Indonesia, Malaysia, and Myanmar. These heat waves severely impacted some of the world’s most densely populated regions, taking a heavy toll on health, the economy, and education.
(Big time) I’m on my way, I’m making it (Big time)
Given the spate of news about international trade lately, Americans might be surprised to learn that the United States isn’t very dependent on it. Indeed, looking at trade as a percentage of gross domestic product (GDP) – a metric economists sometimes call the “openness index” – the US is one of the least trade-oriented nations in the world.
Central Asia is becoming one of Eurasia’s main trade and transit hubs, with Kazakhstan in the forefront.
(Note: This report is a preview of the Asia Times Global Risk/Reward Monitor issue of March 13, 2024.)
The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned.