IMF Predicts 5 per cent growth for Malawi
LILONGWE-(MaraviPost)-The International Monetary Fund (IMF) on Thursday predicted that Malawi’s economy –Gross Domestic Product (GDP) would go up by 5 percent this year owing to an expected bumper yield and improvement in electricity supply.
IMF Mission Chief for Malawi, Pritha Mitra jointly with Minister of Finance, Goodall Gondwe revealed the development to journalists in the capital Lilongwe at the end of the second review of the three-year Extended Credit Facility support programme.
This comes a few days after IMF predicted that the Malawi economy would grow by 4.1 percent.
Mitra said the economic outlook was favourable, with a likelihood of continued growth in the short to medium terms.
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