Middle class wiped out: Half of Myanmar’s people forced into poverty by civil war, UN report finds ...Egypt

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Middle class wiped out: Half of Myanmar’s people forced into poverty by civil war, UN report finds
CNN  —  Once considered among the most promising economies in Southeast Asia with a growing middle class, Myanmar is now suffering from soaring levels of poverty as a devastating civil war drives tens of millions further into destitution, according to a new United Nations report. Almost half of Myanmar’s population of 54 million is below the poverty line, with 49.7 percent of people living on less than 76 US cents a day — a figure that has doubled since 2017, researchers with the UN Development Program (UNDP) found. Three years after the military seized power in a coup, the economic situation in the country has rapidly deteriorated to a point where the middle class is at risk of being wiped

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