## Malawi: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malawi

_IMF Staff Country Reports, December 18, 2015_

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## Bibliographic details
- Published: December 18, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513551470.002

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### Executive summary
- 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:
  - negative impact of weather-related shocks,
  - ongoing suspension of budget support,
  - persistently high inflation,
  - weaker global demand which could hurt Malawi’s exports.
- Real GDP growth is projected to fall by 2.7 percentage points to 3 percent in 2015.

### Key findings and projections
- Growth and inflation history:
  - Real GDP growth averaged 4.3 percent over 2012–14.
  - Inflation averaged 24.5 percent over 2012–14.
- 2015 projection:
  - Real GDP growth projected to decline by 2.7 percentage points to 3 percent in 2015.
- Principal downside risks highlighted:
  - Weather-related shocks affecting output.
  - Suspension of budget support reducing fiscal space.
  - Persistent inflation pressures.
  - Weaker external demand affecting exports.

### Policy areas and topics covered
- Balance of payments statistics
- Banking
- Budget planning and preparation
- Economic and financial statistics
- Expenditure
- Inflation, Prices
- Public financial management (PFM)
- Revenue administration

### Publication metadata and identifiers
- 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

*Malawi: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malawi — December 18, 2015*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/malawi-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43467_