BEW update November 2004

Description: 

"In recent days some new data has been released by the Asian Development Bank that allows us to update our analysis of Burma's growth performance to 2001. You might recall that our previous analysis, conducted by Wylie Bradford and contained in BEW No.1/2004, recast Burma's growth performance according to purchasing power parity in international dollars. This provided a far superior statistical base from which to examine Burma's economic performance (relative to a common standard) than hitherto possible using 'market' or 'official' exchange rates (and unadjusted for inflation). The most important finding of Wylie's update is that, in 2001, economic growth in Burma, measured in inflation-adjusted international dollars, became negative. Of course this is well before the recent banking and financial crisis, the imposition of stiffer sanctions - and greatly at odds with the regime's claims."

Source/publisher: 

Burma Economic Watch

Date of Publication: 

2004-11-16

Date of entry: 

2004-11-16

Grouping: 

  • Individual Documents

Category: 

Language: 

English

Format: 

pdf

Size: 

97.92 KB