UNDP warns Myanmar is on the brink of economic disaster

UNDP warns Myanmar is on the brink of economic disaster
A man walks pass bear a burnt down shopping mall owned by military at downtown area of Yangon, Myanmar, 22 April 2021. Photo: EPA

The United Nations has warned Myanmar that it is on the brink of economic disaster due to the double shock of the military coup and COVID-19 pandemic.

Citing a new UN Development Program (UNDP) report, CNN reported that almost half of Myanmar's population could be forced into poverty by the end of this year.

As per the report, if the security and economic situation does not stabilize soon, up to 25 million people, 48 per cent of Myanmar's population, could be living in poverty by 2022.