As the year 2015 draws to an end, an economic expert has described the year as a period of ups and down for the country’s economy.
Early this year, Malawi experienced natural disasters which eventually led to 2.8 million people facing hunger and this, coupled with the withdrawal of aid by donors has greatly affected the country’s economy.
However, the economist, Nelson Mkandawire, said the country started well as compared to the current economic situation.
“The country started on a higher note this year as compared to now and the high inflation rate, high bank lending rates among others show that the economy is fragile,” said the former Economics Association of Malawi (Ecama) Executive Director.
He further said that one of the contributing factors to the economic challenges are the floods the country encountered this year as most people lost their property and crops.
“Our economy is a fragile one; when one sector has been affected all the other sectors are also affected. In this respect we can see how the floods affected other sectors of the country,” he said.
Mkandawire further said that issues of cashgate and International Monetary Fund’s withdrawal of aid to Malawi also affected the economy of the country. He added that he expected the public reforms to make sectors grow but this has not been the case.
Minister of finance is the old papa, he can’t turn things around only me
Its better them than to choose young blood who are poor what they gonna do is to steal like muluzi did kkkkk
Iwe ukafunse atcheya zimenezo ndiamene adasokoneza chuma
May the good Lord rescue us from these hardtimes.
Disasters cannot be prepared 4 God has nobody to plan with pray hard for HIM save us all
NO DISASTER FROM GOD, REMEMBER EVERY GOOD THINGS COMES FROM HIM.YAKOBO 1:17, MAT.7:11. WHILE BAD 4ROM SATURN .ENTER ON THIS WEBSITES:JW..ORG/NY.OR ASK ANY JEHOVAH’S WITNESS IN UR AREA.
Our choice
despite natural disasters that this expert is saying to have affect the country, the major reason is poor leadership. there are countries like china and japan whom they face natural disasters each and every year but their economies remain unshaken or shaken a little bit just because their leaders have instituted measures to keep their economies on track. but here leadership is a problem, i wonder if govt. made a plan on how to deal with floods once they occur.
Can we compare Malawi and china or japan kkkkkkkk
interms of disasters only but the rest we cant compare.
like what?
we cant compare our economy to theirs, izo ndi zoziwika kale, we cant compare kulimbikira ntchito kwa iwo ndi ife, we cant compare mamangidwe awo ndi athu, the list is endless.
Our economy cannot be compared with Japan and China, those are high income countries. Even South Africa, Zambia and Mocambique are beyond us. Taganizani bwino bambo
On the plans u r saying, where will the money come from, when donors dumped Malawi in 2013 ?
thats why in the first place i only compared natural disasters and i said the rest we cant compare and if ur saying kuti where the money will come from for the plan, its simple let the president make a sacrifice of staying in one house and serve billions of kwachas this country spent on state houses and in doing so that money can be used in the plan and in the health sector. palibenso za donors apa. its just simple as that. i hope u get what am saying.
But we manage to survive.
Including poor leadership of dpp gvt with there fucken president,, they failed to role dis country!
Kodi anakuphonya pati ochotsa ziwalo aja,udf chipan cha anthu atulo,
What now
We have faced it, its my prayer 2016 to be different
Yes In The Name Of Jesus N See Romans 10v13 !
Amen
Speechless