{"id":40462,"date":"2023-02-09T22:11:41","date_gmt":"2023-02-09T22:11:41","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/world-bank-predicts-malawi-economic-growth-drop-to-0-9"},"modified":"2023-02-10T09:34:01","modified_gmt":"2023-02-10T09:34:01","slug":"world-bank-predicts-malawi-economic-growth-drop-to-0-9","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/world-bank-predicts-malawi-economic-growth-drop-to-0-9","title":{"rendered":"World Bank predicts Malawi economic growth drop to 0.9%"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>The World Bank says Malawi\u2019s economic growth will drop from 1.8% last year to 0.9%. The bank attributes the drop to enormous challenges Malawi is facing.<\/p>\n

This has been revealed during the launch of the 16th edition of the Malawi Economic Monitor in Lilongwe. The World Bank is also recommending a market based exchange rate as one step of restoring macroeconomic stability.<\/p>\n

This has made through its latest Malawi Economic Monitor, which strives to provide an insight on the country\u2019s economic direction. The bank has called for a debt restructuring process as well as the empowerment of small holder farmers which are critical for economic transformation.<\/p>\n

Meanwhile, the Reserve Bank of Malawi is disclosing that the forex situation could be eased if forex externalisation was minimized. It is estimated that Malawi loses over 400 billion kwacha annually, due to illicit flows which are plunging the country into forex shortages.<\/p>\n

RBM Director of Economic Policy and Research Kisu Simwaka has pointed out that there is a need for strong stakeholder coordination if the problem of forex externalisation problem is to be addressing.<\/p>\n

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

Africa-Press – Malawi. The World Bank says Malawi\u2019s economic growth will drop from 1.8% last year to 0.9%. The bank attributes the drop to enormous challenges Malawi is facing. This has been revealed during the launch of the 16th edition of the Malawi Economic Monitor in Lilongwe. The World Bank is also recommending a market […]<\/p>\n","protected":false},"author":84,"featured_media":40461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,410],"tags":[233,371,234],"class_list":["post-40462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-to-homepage","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nWorld Bank predicts Malawi economic growth drop to 0.9% - Malawi<\/title>\n<meta name=\"description\" content=\"The World Bank says Malawi\u2019s economic growth will drop from 1.8% last year to 0.9%. 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