30 January 2024
Since the end of 2017, the country’s economy has declined, and in 2021, when the SAC government took the country’s duties, at the beginning of the 2021 year, it was down to minus 5.9 percent, but due to the priority given to the national economy, which was able to return to 2.4 percent despite the outbreak of the Covid-19 epidemic and political problems.
In the last 2022-2023 fiscal year, it reached 3.4 percent and this 2023-2024 fiscal year, as of December, the national economy was 3.3 percent and the State Administration Council (SAC) Chairman Senior General Min Aung Hlaing said today’s Union Cabinet Meeting No. (1/2024) that all regions and states except Kachin, Kayah and Rakhine State showed positive signs (improvement).
The SAC Chairman said that if 2021, 2022 and 2023 political unrest and violence, the outbreak of the Covid-19 epidemic and a lot of sanctions from the international did not, the country’s economy would have progressed much more than it has now.
