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The Asian Development Bank reported that Myanmar's GDP growth accelerated to 7.5% in 2013 from 7.3% in 2012. Growth was supported by rising investment,
The Asian Development Bank reported that Myanmar's GDP growth accelerated to 7.5% in 2013 from 7.3% in 2012. Growth was supported by rising investment, improved business confidence, commodity exports, and buoyant tourism. Is this expansion more likely to be a business cycle expansion or economic growth? Explain your answer.
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