Analysis by Region - Emerging Markets - Malawi

Analysis by Region - Emerging Markets - Malawi

We have cut our 2024 real GDP growth forecast to 3.1% from 3.8% as the El Niño-induced drought conditions lower the agricultural sector's output. Yet, thanks to stronger private consumption and government consumption, we believe the growth rate will accelerate from last year. That said, the economy continues to face headwinds each carrying its own risks. The increased frequency of adverse weather conditions is especially punitive to the agricultural-based economy. High inflation eats into disposable income and suppresses consumption. Low levels of foreign exchange (forex) reserves, in turn, make it difficult to import essential items and also intermediate goods needed to stimulate manufacturing.

Malawi: El Niño weather conditions dim Economic growth
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk Evaluation
Economic development
Structure of The economy
Balance of payments
Policy and Politics

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