Malawi Economic Monitor, December 2019

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dc.creatorWorld Bank
dc.date2019-12-12T15:15:44Z
dc.date2019-12-12T15:15:44Z
dc.date2019-12
dc.date.accessioned2026-07-01T00:37:09Z
dc.descriptionWith Malawi’s economic growth recovering and single digit inflation, the Government has a keyopportunity to rein in fiscal deficits and reduce domestic debt. If it can better control domestic debt levels, the Government could increasingly move towards creating the conditions for the privatesector to increase investment, which can drive growth and job creation. To support this, the Government needs to develop a track record of achieving sustainable fiscal deficits in order to contain and reverse the escalating domestic debt burden, to contain interest rates and avoidcrowding out private sector investment, and to increase public investment. Malawi’s economy is projected to grow by 4.4 percent in 2019, up from 3.5 percent in 2018. Agricultural activity rebounded in 2019 due to favorable weather conditions, which offset the negative effects from Tropical Cyclone Idai in parts of the southern region of the country. Crop production was generally strong, particularly in the case of maize, with production increasing by 25.7 percent. This supported overall economic growth, despite a decline in tobacco production. However, the ongoing political impasse, with widescale demonstrations that have continued since May 2019, has constrained business activity and increased uncertainty, weighing on investment. The Government missed the revised fiscal deficit target in FY2018/19. The fiscal deficit increased to 6.5 percent of GDP, higher than the revised target of 5.8 percent. The impact of election-related expenses,increased interest payments and costs associated with the disaster response pushed recurrentexpenditure beyond targeted levels by 1 percent of GDP. This was partially offset by under-execution of development expenditure, which was not enough to keep the fiscal deficit to 5.8 percent of GDP. Poor revenue performance, which was lower by 0.5 percent of GDP, compounded the problem.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/403401576093803229/Malawi-Economic-Monitor-Strengthening-Human-Capital-Through-Nutrition
dc.identifierhttps://hdl.handle.net/10986/32890
dc.identifier10.1596/32890
dc.identifier.urihttp://hdl.handle.net/123456789/407493
dc.languageEnglish
dc.publisherWorld Bank, Lilongwe, Malawi
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectCHILD NUTRITION
dc.subjectECONOMIC GROWTH
dc.subjectFISCAL TRENDS
dc.subjectFOOD SECURITY
dc.subjectMONETARY POLICY
dc.subjectTOBACCO EXPORTS
dc.subjectDEBT
dc.subjectPOVERTY REDUCTION
dc.subjectJOB CREATION
dc.subjectECONOMIC OUTLOOK
dc.subjectRISKS
dc.subjectHUMAN CAPITAL
dc.subjectSTUNTING
dc.subjectNUTRITION
dc.subjectWATER AND SANITATION
dc.subjectPRENATAL CARE
dc.subjectMATERNAL HEALTH
dc.titleMalawi Economic Monitor, December 2019
dc.titleStrengthening Human Capital Through Nutrition
dc.typeReport
dc.typeRapport
dc.typeInforme

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