IGC Economist talks to Irrawaddy about the economy

IGC Myanmar Country Economist Andrea Smurra was quoted in an article in The Irrawady on Myanmar’s economy.

Andrea Smurra argued that the depreciation of Myanmar’s Kyat “would make it more expensive to import those things needed to upgrade infrastructure and bring in the technological improvements needed to increase rice exports, and could actually be detrimental to the garment sector as well.”

He went on to say ““Depreciation will make all these inputs more expensive and, by generating inflation, will eventually push the government to increase nominal minimum wages, nullifying the impact of the depreciation policy on this industry.”

To read more, please go to the Irrawaddy website.