MALAWI’S FRAGILE ECONOMY: Can the country find the footing?
By : YANKHO MALINDI A Decade ago, Malawi’s economy showed signs of stability with steady growth and foreign investor interest but today this is another story as the economy is now on a sharky ground marked by forex shortage, soaring inflation, and a growing fiscal deficit Photo 1: fuel shortage has become a huge problem affecting many people ( credit :Yankho Malindi) Many Malawians continue to struggle on a day-to-day basis with long queues for fuel, and other basic necessities such as sugar a situation analysts say signals a crucial need for structural reforms and human centered planning. Just recently a report by the monetary policy committee has shown that food inflation is still one of the major macroeconomic problems Malawi is facing. A report produced in July by the National Statistical Office indicated that Food inflation which counts for more than half of the country’s bas...
