{
  "title": "Malawi: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malawi",
  "publication": "IMF Staff Country Reports, December 18, 2015",
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  "summary": "This 2015 Article IV Consultation highlights that bold economic reforms undertaken in mid-2012 in Malawi transformed the policy environment and greatly improved the outlook of the economy. Over 2012–14, real GDP growth and inflation averaged 4.3 percent and 24.5 percent, respectively.",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- Bold economic reforms undertaken in mid-2012 transformed the policy environment and greatly improved the outlook of the economy.\n- Over 2012–14, real GDP growth and inflation averaged 4.3 percent and 24.5 percent, respectively.\n- The economic outlook remains difficult due to:\n  - negative impact of weather-related shocks,\n  - ongoing suspension of budget support,\n  - persistently high inflation,\n  - weaker global demand which could hurt Malawi’s exports.\n- Real GDP growth is projected to fall by 2.7 percentage points to 3 percent in 2015."
    },
    {
      "heading": "Key findings and projections",
      "content": "- Growth and inflation history:\n  - Real GDP growth averaged 4.3 percent over 2012–14.\n  - Inflation averaged 24.5 percent over 2012–14.\n- 2015 projection:\n  - Real GDP growth projected to decline by 2.7 percentage points to 3 percent in 2015.\n- Principal downside risks highlighted:\n  - Weather-related shocks affecting output.\n  - Suspension of budget support reducing fiscal space.\n  - Persistent inflation pressures.\n  - Weaker external demand affecting exports."
    },
    {
      "heading": "Policy areas and topics covered",
      "content": "- Balance of payments statistics\n- Banking\n- Budget planning and preparation\n- Economic and financial statistics\n- Expenditure\n- Inflation, Prices\n- Public financial management (PFM)\n- Revenue administration"
    },
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      "heading": "Publication metadata and identifiers",
      "content": "- Publication date: December 18, 2015\n- Pages: 63\n- Volume: 2015\n- Issue: 345\n- Series: Country Report No. 2015/345\n- DOI: https://doi.org/10.5089/9781513551470.002\n- Stock No: 1MWIEA2015002\n- ISBN: 9781513551470\n- ISSN: 1934-7685\n\nMalawi: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malawi — December 18, 2015\n\n---\n\n Content in this bundle\n\n- Cr15345\n  - Cr15345 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr15345 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 18, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513551470.002",
    "Bold economic reforms undertaken in mid-2012 transformed the policy environment and greatly improved the outlook of the economy.",
    "Over 2012–14, real GDP growth and inflation averaged 4.3 percent and 24.5 percent, respectively.",
    "The economic outlook remains difficult due to:",
    "Real GDP growth is projected to fall by 2.7 percentage points to 3 percent in 2015.",
    "Growth and inflation history:",
    "2015 projection:",
    "Principal downside risks highlighted:",
    "Publication date: December 18, 2015",
    "Pages: 63",
    "Volume: 2015",
    "Issue: 345",
    "Series: Country Report No. 2015/345",
    "DOI: https://doi.org/10.5089/9781513551470.002",
    "Stock No: 1MWIEA2015002",
    "ISBN: 9781513551470",
    "ISSN: 1934-7685",
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