Malawi: Recent Economic Developments
Summary:
This paper describes economic developments in Malawi during the 1990s. Malawi’s economy began to deteriorate in late 1991 as a result of a series of exogenous shocks. These shocks included two major droughts, a severe weakening in the terms of trade, and a suspension of donor nonhumanitarian aid owing to concern over governance. As a consequence, the average real GDP growth fell from 6 percent a year in 1989–91 to -3 percent a year in 1992–94. Savings and investment also fell considerably.
Series:
Country Report No. 1996/068
Subject:
Credit Expenditure Exports Foreign exchange Imports International trade Money
English
Publication Date:
August 26, 1996
ISBN/ISSN:
9781451827910/1934-7685
Stock No:
1MWIEA0011996
Pages:
76
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