Malawi Economy To Grow -RBM

Reserve bank of Malawi RBM has assured the country of economic growth in 2019.

This was said during the launch of RBMs 2020 to 2021 strategic plan in Blantyre.

According to RBM governor, Dalisto Kabambe the plan aims at achieving the inflation target of 5 percent by the first quarter of 2020.

Kabambe said the economy is expected to rise by 4 percent.

He said in 2019 the projection is to subside due to favorable weather conditions unlike in 2018 where the country experienced shocks such as hike in fuel pump prices, electricity tariffs, fall army worms and dry spells which affected inflation rate.