1 May 2024

Myanmar’s Economy Is Still In Free Fall – Analysis

Zachary Abuza

While the Myanmar military regime’s battlefield losses throughout the country are grabbing headlines, the country’s dire economic crisis is further undercutting the junta’s capacity to wage war.

Myanmar’s military has suffered significant battlefield losses throughout the country since an ethnic rebel army alliance launched Operation 1027 nearly six months ago, raising questions whether the military is able to retake lost territories.

Fighting across eight distinct battle scapes, the military is unable to divide and conquer, and even its emphasis on first retaking the heartland of the ethnic majority Bamars, has faltered. In Sagaing, the junta has suffered significant setbacks and only recaptured one town. in southern Myanmar, two Mon resistance organizations agreed to work together as they prepare to go on the attack against the regime.

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