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Myanmar’s economy to shrink by 18% due to military coup and Covid-19


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The civil unrest following the February military coup, paired with the a spike in Covid-19 infections, is expected to cause Myanmar’s economy to contract by 18% this year, according to the World Bank. Since the military takeover, ousting the country’s elected leader Aung San Suu Kyi of the National League for Democracy, it’s estimated that more than 900 people have been killed by security forces, according to a local monitoring group. Some were shot and killed while protesting. Some were children at home when troops open fire in their neighbourhoods. The military have tried to justify the coup, claiming the takeover was […]

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I've read that tourism account for a similar percentage of Thailand's GDP. Even more if you take into account the subsequent follow-on spending and circulation of money elements of economic theory. So why is the Economic council of Thailand predicting economic growth exceeding 1.5% this year? Baffling!

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My heart and best wishes are with the people of Myanmar/Burma.  What a terrible situation to have to endure.  Dealing with COVID-19 while simultaneously dealing with a coup!

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On 7/26/2021 at 9:22 PM, HolyCowCm said:

900 murdered? Wow. Just because some fathead Junta dictator wants all the piece of the pie for him and his BS cronies. Sound familiar? That is without the murders. 

Yes….and Just because some fathead Junta dictator got upset because the election showed that he wasn’t liked by the people. He made the rare mistake (for a dictator) of actually NOT rigging the election in his favour so he got an honest result which his pride wouldn’t let him live with.

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3 minutes ago, Leeshard said:

Yes….and Just because some fathead Junta dictator got upset because the election showed that he wasn’t liked by the people. He made the rare mistake (for a dictator) of actually NOT rigging the election in his favour so he got an honest result which his pride wouldn’t let him live with.

He needs to follow the lead of the Thai dictator rewrite the constitution so he can hand pick the majority of the senate then hold a sham election 

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26 minutes ago, Leeshard said:

Yes….and Just because some fathead Junta dictator got upset because the election showed that he wasn’t liked by the people. He made the rare mistake (for a dictator) of actually NOT rigging the election in his favour so he got an honest result which his pride wouldn’t let him live with.

And yet it seems totally normal and acceptable over in this sector by other fatheads as long as they control their piece of the pie with their elite. Problem for them there is Russia and China gonna help them as they all have the same mentality of being: Screw the people and everyone else not with us.

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