Malawi Economic Outlook
Resource type
Web Page
Author/contributor
- African Development Bank (Author)
Title
Malawi Economic Outlook
Abstract
Recent macroeconomic and financial developments Growth in Malawi’s economy decelerated in 2020 to 1.7% from 5.7 % in 2019. The slowdown in GDP growth was driven by the outbreak of COVID–19, which necessitated a partial lockdown of the economy, resulting in subdued economic activities—mainly in tourism, the accommodation and food subsectors, transportation, and agriculture. Other sectors affected by disruptions from the COVID–19 pandemic disruptions were manufacturing and mining and quarrying.
Website Title
African Development Bank - Building today, a better Africa tomorrow
Website Type
Text
Date
01/04/2019, 11:10
Accessed
20/10/2022, 03:43
Language
en
Extra
Publisher: African Development Bank Group
Citation
African Development Bank. (2019, April 1). Malawi Economic Outlook [Text]. African Development Bank - Building Today, a Better Africa Tomorrow. https://www.afdb.org/en/countries/southern-africa/malawi/malawi-economic-outlook
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