Key View

• We at Fitch Solutions have revised our FY2019/20 (October-September) real GDP growth forecast to 0.5%, from 2.0% previously, but are raising our FY2020/21 forecast to 5.6%, from 5.0% previously.
• Our FY2019/20 revision is due to our expectation for private consumption to contract following income loss and increased incidences of

Key View

• Myanmar’s healthcare market has significant growth potential.
• Financial backing from the ADB will benefit the healthcare sector.
• Despite the government's investment in the healthcare sector, the country will remain a relatively unattractive market for foreign investors.

Government-led initiatives will be an important factor in

Key View

• We at Fitch Solutions maintain our forecast for Myanmar’s real GDP growth to slow to 2.0% in FY2019/20 (October-September), from 6.8% in FY2018/19.
• Tourism and the apparel manufacturing sector will be very badly hit in FY2019/20, while Covid-19 movement restrictions will continue to disrupt economic activity, including agricultural

Key View

• We have revised our Myanmar thermal capacity forecasts to account for the progress of several gas-fired projects under emergency tenders. While these projects have faced delays and missed their operational deadlines as we expected, progress will mean that they are likely to still come online within two years, by a conservative

Key View

• We at Fitch Solutions maintain our forecast Myanmar’s real GDP to grow by 6.4% in FY2018/19 (October-September), and 6.5% in FY2019/20.
• While we expect growth to be supported by stronger tourism and investments, this is likely to be partially offset by a smaller net exports contribution and slower private consumption growth.

At

Key View

• The underdeveloped banking system in Myanmar will continue to hamper consumer access to credit, which will be an ongoing barrier to greater vehicle ownership.
• The country's limited road infrastructure will further hinder vehicle ownership in the country as the practical use of cars will be restricted to within the main cities.

We

Key View

• Myanmar’s power sector has a strong growth potential given that it requires a lot more investment to meet pent-up demand, with power sector expansion set to be an increasing priority to the government.
• We believe that solar power will outperform in the country, particularly as the government looks to distributed solar resources to

Key View

• The money transfer and microfinance sectors will see the most attention from fintech companies.
• The Burmese government views fintech as crucial in tackling the last-mile problem and has also embarked on a plan to liberalise the sector for greater foreign participation.  

A significant rise in mobile subscribers following