## Malawi: Recent Economic Developments

_IMF Staff Country Reports, August 26, 1996_

## Source details

**Canonical URL:** [Malawi: Recent Economic Developments](https://www.imf.org/en/publications/cr/issues/2016/12/30/malawi-recent-economic-developments-1624)

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## Bibliographic details
- Published: August 26, 1996
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451827910.002

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### 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).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/malawi-recent-economic-developments-1624_