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- Create Date December 8, 2023
- Last Updated December 16, 2023
Malawi’s economy has had a mixed recovery from the global shocks caused by the COVID-19 pandemic in 2020 and the Russia-Ukraine conflict in 2022. The Reserve Bank of Malawi (RBM) has an explicit inflation target band of 3-7% around the medium-term targeted rate of 5%. The Government of Malawi’s has followed an unpredictable fiscal policy that is sometimes prudent and otherwise procyclical. Malawi’s external sector has recovered from the global shock caused by the COVID-19 pandemic in 2020 but has not benefited from the higher commodity prices in the aftermath of the Russia-Ukraine conflict in 2022. Malawi is scheduled to hold its presidential elections in 2025. Read more accurate and balanced analysis of the political economy in Malawi here: https://politicaleconomy.org.za/2023/12/pesa-editorial-on-malawi-1h2023-24/.
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