Unhealthy economy creates a drop in demand in Mon State

October 30, 2023

Unsettled politics in Burma has created a decline in the economy and there has been a drop in demand in Mon State, local shopkeepers told HURFOM.

Due to inflation and low income, many people have had to reduce their spending so there has been a drop in demand for every good.

“We have very few customers now. We could make one million MMK in sales a day before but now, we’re struggling a lot to get just 300,000 MMK a day. Sales have dropped by one-third. Everyone is suffering, they do not have a good livelihood so they have to reduce their spending. The result is a decline in demand,” said a building supply store owner from Mawlamyine.

Grocery store owners also reported to HURFOM that there has been a decline in demand.

“The number of customers is declining every day. It’s difficult to earn money – so people have to be careful with their spending. After paying workers’ and accommodation fees, there’s nearly nothing left for us. We can’t make a profit. We can’t make a living,” said a Thai food grocery store owner from Mawlamyine.

Unsettled politics has a huge impact on Burma’s economy and the slow flow of trade and high commodity prices are creating problems for people.

Written by HURFOM · Filed Under News