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World Bank slashes Malawi s economic growth rate to 2%

The World Bank has slashed Malawi’s economic growth rate for 2024 to two percent from an earlier projection of 2.8 percent due to prolonged dry spell and the continued scarcity of foreign exchange. In its April 2024 Malawi Macro Poverty Outlook, the Bretton Woods institution has since warned that high inflation and food shortages will

Thom khanjeNational planning commissionWorld bankMacro poverty outlookBretton woodsScotland based malawianVelli nyirongoPlanning commissionBusiness news

Services sector growth outpaces agriculture

The services sector is registering the fastest annual growth of 1.8 percent, aaccording to an analysis, a situation commentators say reduces the economy’s over-reliance on agriculture which has become risky amid weather shocks. An analysis by Lloyds Bank, one of Britain’s retail and commercial banks, shows that although the agriculture sector employs the largest share

United kingdomSouth africaGilbert kachambaNational export strategyLloyds bankScotland based malawianVelli nyirongoMalawi governmentBusiness newsFront page

Economic activity below potential | The Nation Online

Economic activity below potential | The Nation Online
mwnation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mwnation.com Daily Mail and Mail on Sunday newspapers.

Thom khanjeEl ninoGilbert kachambaWorld bankNational planning commissionSustainable development goals sdgsReserve bankBusiness newsScotland based malawianVelli nyirongoBond mtembezekaMalawi firstYear implementation planSustainable development goalsPlanning commissionUnited nations

Workers condemned to income poverty—UN | The Nation Online

Workers condemned to income poverty—UN | The Nation Online
mwnation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mwnation.com Daily Mail and Mail on Sunday newspapers.

Benjamin jonasSteve kayiraEconomic affairsNational statistical officeUnited nationsDevelopment unctadUnited nations conferenceScotland based malawianVelli nyirongoMultidimensional poverty index

Hope wanes amid Shrinking incomes - The Nation Online

Hope wanes amid Shrinking incomes - The Nation Online
mwnation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mwnation.com Daily Mail and Mail on Sunday newspapers.

Gilbert kachambaBertha misomaliAssani masinaAlick nyasuluThom khanjeNational planning commissionWorld economic forumWorld economicScotland based malawianVelli nyirongoPlanning commissionYear implementation plan