Malawi Economic Monitor, December 2021

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dc.creatorWorld Bank
dc.date2021-12-21T16:00:20Z
dc.date2021-12-21T16:00:20Z
dc.date2021-12
dc.date.accessioned2026-07-01T00:37:18Z
dc.descriptionAfter several months of low COVID-19 case numbers, Malawi is facing a fourth wave. While an increasing share of the global population is protected by vaccines, only about 6.5 percent of the population is vaccinated in Malawi, increasing the country’s vulnerability to the virus. The Government response to the third wave was less stringent than in previous waves and businesses began adapting to COVID-19 restrictions. Thus, overall, it had less of an economic impact than in earlier waves. However, with cases accelerating rapidly in mid-December, Malawi is beginning a fourth wave of infections induced by the Omicron variant, and the Government has modestly tightened restrictions. Economic growth is projected to pick up from 0.8 percent in 2020 to 2.4 percent in 2021, primarily driven by one-time increases in the agricultural sector. With a population growth rate around 3.0 percent, however, this level of economic growth equates to a contraction in per capita output. Favorable weather, as well as increased fertilizer use due to the Affordable Inputs Program (AIP), led to record harvests. While agriculture accounts for the bulk of overall growth, growth in services and industry sectors has improved but remains tepid. With less stringent social distancing policies, demand is improving from low levels. However, the private sector still faces multiple concerns which weigh on performance and investment. These include limited availability of foreign exchange, compulsory liquidation of foreign exchange, inflation on imported items (particularly fuel), perceptions of heavy taxation, limited credit, and cumbersome regulation. Headline inflation has increased to double digits in November and recent price increases have heightened concerns about the cost of living.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/undefined/099505012202128779/P1750200ec25370fa08b4205261a47aa4ce
dc.identifierhttps://hdl.handle.net/10986/36747
dc.identifierhttps://doi.org/10.1596/36747
dc.identifier.urihttp://hdl.handle.net/123456789/407556
dc.languageEnglish
dc.publisherWorld Bank, Lilongwe
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectECONOMIC GROWTH
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC IMPACT
dc.subjectMACROECONOMIC IMBALANCE
dc.subjectGENDER GAPS
dc.subjectINCLUSIVE GROWTH
dc.subjectCOMMODITY PRICES
dc.subjectFISCAL TRENDS
dc.subjectEXTERNAL DEBT
dc.subjectEXCHANGE RATE
dc.subjectMONETARY POLICY
dc.subjectBANKING SECTOR
dc.titleMalawi Economic Monitor, December 2021
dc.titleAddressing Macro and Gender Imbalances
dc.typeReport
dc.typeRapport
dc.typeInforme

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