Analysis by Region - Emerging Markets - Malawi
Despite robust tobacco production, we have cut our 2024 real GDP growth forecast further to 1.7% from 2.2%. A myriad of factors is constraining the rest of the agricultural sector, and high inflation and fuel shortages are curbing private consumption growth. We forecast a modest rebound in real GDP growth in 2025 on the back of more favourable weather conditions and positive developments in the industrial and construction sectors.
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