Burmese coup causes food prices to rise, income to fall

Published 2021년 5월 28일

Tridge summary

Myanmar is experiencing a humanitarian crisis due to the military coup and resulting civil unrest. The economy has ground to a halt with banking systems frozen and internet access spotty, leading to job losses and soaring food prices. The World Food Programme has warned of economic strife and food shortages, predicting up to 3.4 million hungry people in the next six months. Factories and businesses are shutting down, and even those with savings are finding it difficult to withdraw money. The World Food Programme is increasing its emergency food assistance programs while local food donation projects are struggling to meet the demand in Yangon.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As clashes between the military who took over the country in a coup Feb 1 and protestors in cities and insurgents in the countryside rage on, prices on necessities like food spike and many are going hungry in Myanmar. People who could once afford healthy, balanced meals of pork and vegetables and rice are now scraping by simple cheap foods like dried fish, fish paste, stringy vegetables, or even just rice with salt for the poorest people. The combination of jobs being lost during continual uprisings and civil unrest, and the effects on imports and exports driving up the costs of basic goods has plunged the country into a humanitarian crisis. Banking systems have been frozen, internet spotty, all major economic driving forces stagnant since the military seized power and jailed civilian leader Aung San Suu Kyi. Even those lucky enough to have savings may spend all day in a queue waiting to withdraw any. Factories and businesses all over the country have shuttered in the wake of the ...
Source: Thethaiger

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.