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Wednesday, September 18, 2019

Malawi economy to grow 4.5% in 2019 -IMF - Reuters

Malawi economy to grow 4.5% in 2019 -IMF - Reuters: Malawi economy to grow 4.5% in 2019 -IMF
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LILONGWE, Sept 18 (Reuters) - Malawi’s economy is likely to expand by 4.5% this year, the International Monetary Fund (IMF) said late on Tuesday, boosted by improved agricultural production and the rebuilding of infrastructure damaged by Cyclone Idai.

The growth projection is down slightly from the fund’s March forecast of a 5% expansion to gross domestic product. Earlier in September the finance ministry said growth would advance 5%, up from 4% growth in 2018.

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