Significant economic impacts due to COVID-19 and falling remittances in Myanmar
The COVID-19 pandemic and government lockdown in Myanmar have led to falling exports and lost revenue from tourism and international remittances, hitting the economy hard. In a new series of policy notes, we examine the economic impacts of the pandemic and restrictive measures to mitigate the health...
| Autores principales: | , |
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| Formato: | Capítulo de libro |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2020
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/143147 |
| _version_ | 1855519580731998208 |
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| author | Diao, Xinshen Wang, Michael |
| author_browse | Diao, Xinshen Wang, Michael |
| author_facet | Diao, Xinshen Wang, Michael |
| author_sort | Diao, Xinshen |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The COVID-19 pandemic and government lockdown in Myanmar have led to falling exports and lost revenue from tourism and international remittances, hitting the economy hard. In a new series of policy notes, we examine the economic impacts of the pandemic and restrictive measures to mitigate the health crisis, and offer policy recommendations to address declining incomes and other impacts. Our analysis shows a major short-term economic contraction as a result of the two-week lockdown in April — a 41% decline in GDP along with similar declines in most nonagricultural sectors in comparison to the same period without a pandemic. This is not surprising, as Myanmar’s economy is deeply integrated into a complex supply network both domestically and internationally, and policies affecting certain industries have ripple effects on other sectors through supply and demand linkages. In addition, approximately 4 million Myanmar migrants work internationally, and their lost income due to lockdowns in neighboring countries is expected to impose ongoing significant burdens on low-income households that receive remittances. |
| format | Book Chapter |
| id | CGSpace143147 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1431472025-11-06T03:56:29Z Significant economic impacts due to COVID-19 and falling remittances in Myanmar Diao, Xinshen Wang, Michael models low income groups economic impact exports covid-19 remittances social protection food security cash transfers gross national product poverty The COVID-19 pandemic and government lockdown in Myanmar have led to falling exports and lost revenue from tourism and international remittances, hitting the economy hard. In a new series of policy notes, we examine the economic impacts of the pandemic and restrictive measures to mitigate the health crisis, and offer policy recommendations to address declining incomes and other impacts. Our analysis shows a major short-term economic contraction as a result of the two-week lockdown in April — a 41% decline in GDP along with similar declines in most nonagricultural sectors in comparison to the same period without a pandemic. This is not surprising, as Myanmar’s economy is deeply integrated into a complex supply network both domestically and internationally, and policies affecting certain industries have ripple effects on other sectors through supply and demand linkages. In addition, approximately 4 million Myanmar migrants work internationally, and their lost income due to lockdowns in neighboring countries is expected to impose ongoing significant burdens on low-income households that receive remittances. 2020-06-01 2024-05-22T12:12:13Z 2024-05-22T12:12:13Z Book Chapter https://hdl.handle.net/10568/143147 en https://doi.org/10.2499/p15738coll2.133762 https://www.ifpri.org/blog/significant-economic-impacts-due-covid-19-and-falling-remittances-myanmar Open Access application/pdf International Food Policy Research Institute Diao, Xinshen; and Wang, Michael. 2020. Significant economic impacts due to COVID-19 and falling remittances in Myanmar. In COVID-19 and global food security, eds. Johan Swinnen and John McDermott. Part Three: Labor restrictions and remittances, Chapter 13, Pp. 60-62. Washington, DC: International Food Policy Research Institute (IFPRI). https://doi.org/10.2499/p15738coll2.133762_13. |
| spellingShingle | models low income groups economic impact exports covid-19 remittances social protection food security cash transfers gross national product poverty Diao, Xinshen Wang, Michael Significant economic impacts due to COVID-19 and falling remittances in Myanmar |
| title | Significant economic impacts due to COVID-19 and falling remittances in Myanmar |
| title_full | Significant economic impacts due to COVID-19 and falling remittances in Myanmar |
| title_fullStr | Significant economic impacts due to COVID-19 and falling remittances in Myanmar |
| title_full_unstemmed | Significant economic impacts due to COVID-19 and falling remittances in Myanmar |
| title_short | Significant economic impacts due to COVID-19 and falling remittances in Myanmar |
| title_sort | significant economic impacts due to covid 19 and falling remittances in myanmar |
| topic | models low income groups economic impact exports covid-19 remittances social protection food security cash transfers gross national product poverty |
| url | https://hdl.handle.net/10568/143147 |
| work_keys_str_mv | AT diaoxinshen significanteconomicimpactsduetocovid19andfallingremittancesinmyanmar AT wangmichael significanteconomicimpactsduetocovid19andfallingremittancesinmyanmar |