EIU downgrades Malawi’s economic growth to 4.9% – The Nation Online: Economist Intelligence Unit (EIU) has revised downwards the country’s economic growth projection for 2019 to 4.9 percent from Treasury’s initial forecast of five percent, weighed down by the impact of Cyclone Idai.
The projection is contained in the Nico Asset Managers Monthly Economic Report for July 2019, which shows that Cyclone Idai impact is estimated to have resulted in production losses amounting to $9.96 million (about K7.3 billion), equivalent to 0.13 percent of gross domestic product (GDP).
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