Malawi President revises down 2021 growth forecast to 3.8% on COVID-19 woes

Malawi President Lazarus Chakwera said on Wednesday that economic growth was projected at 3.8% in 2021, down from an earlier estimate of 6.1%, owing to the impact of COVID-19 on multiple sectors of the economy. The figure was nevertheless an increase on the 1.9% growth rate seen in 2020.


Reuters | Updated: 12-05-2021 16:23 IST | Created: 12-05-2021 16:23 IST
Malawi President revises down 2021 growth forecast to 3.8% on COVID-19 woes

Malawi President Lazarus Chakwera said on Wednesday that economic growth was projected at 3.8% in 2021, down from an earlier estimate of 6.1%, owing to the impact of COVID-19 on multiple sectors of the economy. The president delivered the forecast during his state of the nation address. The figure was nevertheless an increase on the 1.9% growth rate seen in 2020.

Also Read: Overcoming COVID myths and fears in Malawi

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