2015, the year that dragged Malawi to her knees

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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.

Nelson Mkandawire

Mkandawire: Malawi struggled.

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.

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23 Comments

    • 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.

  1. 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.

    • 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

    • 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.