{
  "title": "Malawi: Recent Economic Developments",
  "publication": "IMF Staff Country Reports, August 26, 1996",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/malawi-recent-economic-developments-1624",
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  "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.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Describes economic developments in Malawi during the 1990s.\n- Malawi’s economy began to deteriorate in late 1991 as a result of a series of exogenous shocks.\n- 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.\n- Savings and investment also fell considerably."
    },
    {
      "heading": "Shocks and transmission channels",
      "content": "- Two major droughts.\n- A severe weakening in the terms of trade.\n- A suspension of donor nonhumanitarian aid owing to concern over governance."
    },
    {
      "heading": "Macro outcomes and indicators",
      "content": "- Average real GDP growth:\n  - 6 percent a year in 1989–91\n  - -3 percent a year in 1992–94\n- Savings and investment: described as having \"fell considerably\" (no additional numeric detail provided in the source text).\n\nInternational Monetary Fund. \"Malawi: Recent Economic Developments\", IMF Staff Country Reports 1996, 068 (1996)."
    }
  ],
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    "Published: August 26, 1996",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451827910.002",
    "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.",
    "Two major droughts.",
    "A severe weakening in the terms of trade.",
    "A suspension of donor nonhumanitarian aid owing to concern over governance.",
    "Average real GDP growth:",
    "Savings and investment: described as having \"fell considerably\" (no additional numeric detail provided in the source text)."
  ],
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