Must go Myanmar

May 2019 | Myanmar

Navigating Southeast Asia’s final frontier

It appears that the turbulent global economic climate is pushing the world to become more protective and nationalistic focused. Consequently, Foreign Direct Investment (FDI) and Gross Domestic Product (GDP) growth have both declined in many economies. In addition, unstable currencies – mostly from emerging economies – contribute to an unfavourable business climate.

Myanmar has suffered from all of this – more challenging export markets, lower FDI and GDP growth, and an unpredictable currency. The possible withdrawal of Myanmar from the European Union’s Generalised Scheme of Preferences (GSP) programme is just one example that has caused uncertainty among investors and other industry players.