Agriculture to grow by 3.9% | The Times Group

Agriculture to grow by 3.9% | The Times Group: Agriculture to grow by 3.9%
Posted By: Tom Sangalaon: May 15, 2019In: BusinessNo Comments
By William Kumwembe:

Main driver of Malawi economy, agriculture, is expected to rebound to 3.9 percent this year, up from 0.9 percent in 2019, the second Monetary Policy Report for 2019 has shown.

The estimate is slightly higher than the 2 percent growth projection the Reserve Bank of Malawi (RBM) made at the end of the first Monetary Policy Committee meeting in January.

The rebound in agriculture, coupled with stability in electricity supply, is said propel the economy to 5 percent up from the anticipated four percent in 2018