Burma economy could quadruple by 2030: Report

June 01, 2013
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RANGOON, Burma – A study released Thursday (May 30th) suggests Burma could potentially quadruple the value of its economy to $200 billion by 2030 if it keeps implementing reforms, embraces technology and de-emphasises agriculture, AFP reported.

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    The McKinsey Global Institute study projects an additional 10 million jobs, which would lift 18 million people out of poverty in one of Asia's poorest nations.

    Investors "want reassurance that the government can resolve ethnic and communal violence, maintain its momentum towards political and economic reform, and ease constraints on doing business", the study said.

    "There is everything to play for – but also a major risk of disappointment," it added.

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