Political transition, floods hampering Myanmar's growth: World Bank

Yangon

MYANMAR'S growth rate, once one of the world's most impressive, has dipped following heavy floods and an investment slowdown sparked by uncertainty over its political transition, the World Bank said on Tuesday.

A civilian government led by veteran democracy campaigner Aung San Suu Kyi took power in March after clinching a clear majority in elections late last year, ending five decades of outright military rule.