Malawi: Recent Economic Developments

IMF Staff Country Reports, August 26, 1996

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Malawi: Recent Economic Developments

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Bibliographic details

• Published: August 26, 1996
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451827910.002

Overview

• 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.
• 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.

Shocks and transmission channels

• Two major droughts.
• A severe weakening in the terms of trade.
• A suspension of donor nonhumanitarian aid owing to concern over governance.

Macro outcomes and indicators

• Average real GDP growth:
  • 6 percent a year in 1989–91
  • -3 percent a year in 1992–94
• Savings and investment: described as having "fell considerably" (no additional numeric detail provided in the source text).

International Monetary Fund. "Malawi: Recent Economic Developments", IMF Staff Country Reports 1996, 068 (1996).