{"id":29026,"date":"2022-08-13T20:32:07","date_gmt":"2022-08-13T20:32:07","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear"},"modified":"2022-08-13T21:40:04","modified_gmt":"2022-08-13T21:40:04","slug":"economic-shocks-to-persist-experts-fear","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear","title":{"rendered":"Economic shocks to persist, experts fear"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Pressure is expected to persist on Malawi and other developing economies as most developed countries in the Euro zone and the United States continue tightening their monetary policies to contain effects of the Russo\u2014Ukrainian War.<\/p>\n

Global economic think-tank, the Economist Intelligence Unit (EIU) forecasts that the Federal Reserve of the United States will raise rates by 250 basis points by the end of 2022.<\/p>\n

It expects the European Central Bank to also discontinue its quantitative easing programme at the end of June 2022 and raise rates three times this year and five times next year. This, coupled with a slash in support to developing economies like Malawi, according to experts, will have a bearing.<\/p>\n

In one of its recent Market Intelligence reports, the Reserve Bank of Malawi already said the ongoing geopolitical tension between Russia and Ukraine is a cause for concern as the higher than anticipated oil prices induced by the phenomenon could delay the convergence of inflation to medium term targets in most countries.<\/p>\n

The RBM further said the developments could compel central banks to implement less accommodative monetary policies that could jeopardize economic recovery plans.<\/p>\n

\u201cIf big economies such as the United States tighten their monetary policy stance risks of currency depreciations in lower economies and fuel inflation pressures could intensify.<\/p>\n

\u201cDomestically, the RBM continues to monitor both domestic and global developments and take necessary action to mitigate any risks to the inflation outlook that are perceived to be permanent,\u201d reads the report.<\/p>\n

Already, due to the exogenous shocks, the country has seen its headline inflation remain elevated, seen at 23.5 percent in June. Cost of living continues to bite hard as price of commodities rise, thereby eroding the buying power.<\/p>\n

Economist from the Malawi University of Business and Applied Sciences Betchani Tchereni said in an interview the external shocks will continue chocking most sectors of the local economy. He said demand for imports in the developed economies will continue dropping which will also affect local exports.<\/p>\n

\u201cThe tightening of monetary policies by developed nations means that money supply in their countries will drop and that is something that as a local economy we need to be thinking of as well as we move on,\u201d he said.<\/p>\n

Two weeks ago, the RBM slashed its Malawi economic growth projection for 2022 to 1.7 percent from of an earlier 4.1 percent estimate at the back of weather shocks and impact of the Russo-Ukrainian War.<\/p>\n

The central bank also adjusted upwards the country\u2019s annual average inflation rate target to 23.2 percent from an earlier projection of 12.3 percent. Justin Mkweu is a fast growing reporter who currently works with Times Group on the business desk. He is however flexible as he also writes about current affairs and national issues.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. Pressure is expected to persist on Malawi and other developing economies as most developed countries in the Euro zone and the United States continue tightening their monetary policies to contain effects of the Russo\u2014Ukrainian War. Global economic think-tank, the Economist Intelligence Unit (EIU) forecasts that the Federal Reserve of the United States […]<\/p>\n","protected":false},"author":84,"featured_media":29025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,371,5059,234,1219,5060],"class_list":["post-29026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-malawi","tag-local-exports","tag-malawi","tag-reserve-bank-of-malawi","tag-russia-ukrainian-war"],"yoast_head":"\nEconomic shocks to persist, experts fear - Malawi<\/title>\n<meta name=\"description\" content=\"Pressure is expected to persist on Malawi and other developing economies as most developed countries in the Euro zone an ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic shocks to persist, experts fear\" \/>\n<meta property=\"og:description\" content=\"Pressure is expected to persist on Malawi and other developing economies as most developed countries in the Euro zone an ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-13T20:32:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-13T21:40:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_13-62f81a122c610.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1356\" \/>\n\t<meta property=\"og:image:height\" content=\"1074\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Economic shocks to persist, experts fear\",\"datePublished\":\"2022-08-13T20:32:07+00:00\",\"dateModified\":\"2022-08-13T21:40:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear\"},\"wordCount\":470,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_13-62f81a122c610.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Local exports\",\"Malawi\",\"Reserve Bank of Malawi\",\"Russia-Ukrainian War\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear\",\"name\":\"Economic shocks to persist, experts fear - Malawi\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_13-62f81a122c610.jpg\",\"datePublished\":\"2022-08-13T20:32:07+00:00\",\"dateModified\":\"2022-08-13T21:40:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Pressure is expected to persist on Malawi and other developing economies as most developed countries in the Euro zone an ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_13-62f81a122c610.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_13-62f81a122c610.jpg\",\"width\":1356,\"height\":1074,\"caption\":\"Economic shocks to persist, experts fear\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/malawi\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economic shocks to persist, experts fear\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#website\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/\",\"name\":\"Malawi\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/malawi\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Economic shocks to persist, experts fear - Malawi","description":"Pressure is expected to persist on Malawi and other developing economies as most developed countries in the Euro zone an ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear","og_locale":"en_US","og_type":"article","og_title":"Economic shocks to persist, experts fear","og_description":"Pressure is expected to persist on Malawi and other developing economies as most developed countries in the Euro zone an ...","og_url":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear","og_site_name":"Malawi","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-08-13T20:32:07+00:00","article_modified_time":"2022-08-13T21:40:04+00:00","og_image":[{"width":1356,"height":1074,"url":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_13-62f81a122c610.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Economic shocks to persist, experts fear","datePublished":"2022-08-13T20:32:07+00:00","dateModified":"2022-08-13T21:40:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear"},"wordCount":470,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_13-62f81a122c610.jpg","keywords":["Africa Press","Africa Press-Malawi","Local exports","Malawi","Reserve Bank of Malawi","Russia-Ukrainian War"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear","url":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear","name":"Economic shocks to persist, experts fear - Malawi","isPartOf":{"@id":"https:\/\/www.africa-press.net\/malawi\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_13-62f81a122c610.jpg","datePublished":"2022-08-13T20:32:07+00:00","dateModified":"2022-08-13T21:40:04+00:00","author":{"@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Pressure is expected to persist on Malawi and other developing economies as most developed countries in the Euro zone an ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#primaryimage","url":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_13-62f81a122c610.jpg","contentUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_13-62f81a122c610.jpg","width":1356,"height":1074,"caption":"Economic shocks to persist, experts fear"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/economic-shocks-to-persist-experts-fear#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/malawi\/"},{"@type":"ListItem","position":2,"name":"Economic shocks to persist, experts fear"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/malawi\/#website","url":"https:\/\/www.africa-press.net\/malawi\/","name":"Malawi","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/malawi\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts\/29026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/comments?post=29026"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts\/29026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/media\/29025"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/media?parent=29026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/categories?post=29026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/tags?post=29026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}