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Tuesday, November 12, 2019

RBM decries low per capita GDP – The Nation Online

RBM decries low per capita GDP – The Nation Online: Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe says Malawi’s per capita gross domestic product (GDP) remains ‘very low and flat’ compared to other countries in the world.

The governor has blamed the situation on rapid annual population growth rate at 2.9 percent.

He also said Malawi remains with a huge section of the population trapped in abject poverty as the little output that the country is producing in terms of nominal GDP is thinly shared or spread among the estimated population of 17.6 million Malawians

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