Public debt rise worries industry | The Times Group: Public debt rise worries industry
Posted By: Tom Sangalaon: April 25, 2019In: BusinessNo Comments
By William Kumwembe:
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has reiterated that public debt is stifling the country’s economic growth strides.
In its 2019 first quarter Economic Review issued on Tuesday, the chamber says economic gains registered in the first three months of the year are threatened by increasing public debt levels.
The first quarter saw a reduction in policy rate — a key driver of interest rates on loans — to 14.5 percent from 16 percent, a stable exchange rate at around K733 against the United States dollar and lower inflation rates which stood at 9.3 percent in March.
Posted By: Tom Sangalaon: April 25, 2019In: BusinessNo Comments
By William Kumwembe:
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has reiterated that public debt is stifling the country’s economic growth strides.
In its 2019 first quarter Economic Review issued on Tuesday, the chamber says economic gains registered in the first three months of the year are threatened by increasing public debt levels.
The first quarter saw a reduction in policy rate — a key driver of interest rates on loans — to 14.5 percent from 16 percent, a stable exchange rate at around K733 against the United States dollar and lower inflation rates which stood at 9.3 percent in March.
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