IMF expects 4 pct growth in Malawi in 2019, economy performing well | Reuters

IMF expects 4 pct growth in Malawi in 2019, economy performing well | Reuters: IMF expects 4 pct growth in Malawi in 2019, economy performing well
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BLANTYRE, Oct 6 (Reuters) - The International Monetary Fund (IMF) said it expected Malawi’s economy to grow by around 4 percent in 2019, followed by a rise to 6-7 percent over the medium term.

In a statement on Friday, the IMF said Malawi was performing well under a three-year $112 million loan facility agreed earlier this year to help the southern African country reform its economy.

“Malawi’s economy continues to grow while inflation remains on a declining trend,” the statement read.