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Economic improvement forecast

    JOHANNESBURG
    Malawi’s chief banker on Monday forecast a leap in economic growth in 2000, fuelled by improved relations with western donors and fiscal belt-tightening by the government of President Bakili Muluzi. Governor of the Reserve Bank of Malawi, Matthews Chikaonda, was quoted in news reports as saying he estimated real gross domestic product (GDP) would expand by 6.7 percent in 2000, after coming in at 3.3 percent in 1999. Sustained growth at that level would improve the lives of Malawi’s 10 million people, the majority of whom live below the World Bank poverty threshold of one dollar a day. Chikaonda saw a continued fall in overall inflation, which ended 1999 at 28.3 percent versus 57 percent in 1998.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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