Debt, power top threats to growth | The Times Group:
Investment management and advisory firm, Nico Asset Managers has outlined five risks facing the
Malawi economy and has indicated that, if not addressed, these can affect real Gross Domestic
Product (GDP) growth this year.
The list includes persistent power outages, high population and government debt levels.
This is coming at a time, when economic think tank, the Economic Intelligence Unit revised the
growth figure for 2018 to 3.6 percent from an initial forecast of 4.1 percent.
The Reserve Bank of Malawi (RBM) also lowered its growth projection for 2018 to four percent
from 5.1 percent in 2017.
In its Monthly Economic Brief for March, Nico Asset Managers says the growth strides may be
compromised this year due to, among other things, high population growth, persistent weak export
base and banking sector risks.
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