Key facts
- The World Bank has cut Myanmar's GDP growth forecast for 2026/27.
- Myanmar's GDP growth forecast for 2026/27 is now 2.0%.
- A fuel price shock is the primary reason for the forecast reduction.
- The IEA has noted energy security vulnerabilities in Southeast Asia.
- Middle East conflict and shipping disruptions are contributing to these vulnerabilities.
The World Bank has revised its Gross Domestic Product (GDP) growth forecast for Myanmar for the fiscal year 2026/27, lowering it to 2.0%. This downward revision is primarily attributed to a substantial fuel price shock that is impacting the nation's economy. The situation is further contextualized by broader energy security concerns highlighted by the International Energy Agency (IEA) across Southeast Asia. These vulnerabilities have been amplified by the ongoing conflict in the Middle East and persistent disruptions affecting international shipping lanes. The combination of these factors poses significant challenges to Myanmar's economic outlook and stability.