*Devastating Earthquake Deepens Myanmar’s Economic Crisis: World Bank* Myanmar‘s struggling economy is projected to shrink by 2.5% in the 2025/26 fiscal year, primarily due to the severe impact of a powerful earthquake in late March, the World Bank reported on Thursday. The World Bank said direct damages to property and infrastructure from the 7.7 magnitude quake were estimated at $11 billion, or 14% of the nation’s gross domestic product, estimating that economic output would be about $2 billion lower than it otherwise would have been because of the quake. 🔗 https://stratnewsglobal.com/myanmar/devastating-earthquake-deepens-myanmars-economic-crisis-world-bank/