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flag Myanmar's economy faces a 1% contraction due to floods, conflict, and currency issues, displacing millions.

flag Myanmar's economy is forecast to shrink by 1% this fiscal year, due to severe flooding, ongoing conflict, and currency depreciation. flag The flooding, caused by heavy rains and Typhoon Yagi, left 2 million people homeless, while conflict between the military and opposition forces has disrupted farming and manufacturing. flag The UN estimates that 3.5 million people have been displaced. flag The World Bank warns that the situation could worsen if fighting intensifies.

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