While the world's attention is focused on other humanitarian crises, sad to see military-ruled Myanmar spiraling downwards in all economic & social indicators. Millions of ordinary people are paying a huge price for the active cuddling of its brutal military junta by China, Russia & Thailand, and the practical indifference of ASEAN, India, Japan, US, EU and other world powers.
The UN development & humanitarian agencies do what they can, but the Security Council is paralyzed to mount any effective measures.
The UN development & humanitarian agencies do what they can, but the Security Council is paralyzed to mount any effective measures.
Click here for the UNDP report, "Middle class disappearing and poverty deepening in Myanmar"
Excerpts:
"The once-promising economy with rapid growth and declining poverty, now faces profound social and economic crises as highlighted by our recent research. The middle class, a cornerstone of any strong economy, is rapidly disappearing and has shrunk by 50 percent in just three years. A staggering 75 percent of the country, or approximately 42 million people live near to, or well below subsistence levels. Three million people are internally displaced."
"Today, poverty has surged back to nearly 50 percent.
Unlike its neighbours, Myanmar shows no signs of post-pandemic economic recovery, with GDP contracting by 17.9 percent in 2021 and stagnating since.
Women, children, and those in conflict zones are disproportionately affected. Child poverty is on the rise. "
Excerpts:
"The once-promising economy with rapid growth and declining poverty, now faces profound social and economic crises as highlighted by our recent research. The middle class, a cornerstone of any strong economy, is rapidly disappearing and has shrunk by 50 percent in just three years. A staggering 75 percent of the country, or approximately 42 million people live near to, or well below subsistence levels. Three million people are internally displaced."
"Today, poverty has surged back to nearly 50 percent.
Unlike its neighbours, Myanmar shows no signs of post-pandemic economic recovery, with GDP contracting by 17.9 percent in 2021 and stagnating since.
Women, children, and those in conflict zones are disproportionately affected. Child poverty is on the rise. "
Comments
Post a Comment
If you are a member of XUNICEF, you can comment directly on a post. Or, send your comments to us at xunicef.news.views@gmail.com and we will publish them for you.