00:00Myanmar's inflation has risen to nearly 25% in April,
00:05as fuel disruptions drive up prices across the country, according to the World Bank.
00:10The bank has also cut its growth forecast for this year from 3% to 2%.
00:16Myanmar relies heavily on imported fuel, with around 90% of its oil supply coming from abroad.
00:23The World Bank says shortages have worsened after global energy disruptions following the U.S.-Iran conflict.
00:29Including the closure of the Strait of Hormuz.
00:32It says the economy is stabilizing, but at very low levels, with recent shocks revealing structural weaknesses.
00:40The outlook remains vulnerable to any further supply shocks.
00:44Myanmar has been in civil war since the military coup in 2021,
00:48a conflict that has weighed on the economy and pushed millions into poverty.
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