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Malawi Economic Monitor, June 2021: Investing in Digital Transformation

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dc.contributor.authorWorld Bank
dc.date.accessioned2021-06-30T20:17:03Z
dc.date.available2021-06-30T20:17:03Z
dc.date.issued2021-06-23
dc.description.abstractMalawi was affected by a severe second wave of COVID-19 (coronavirus) cases starting in the last weeks of 2020. As a result, the Government declared a second 'State of National Disaster' and announced increased social distancing measures. Case numbers peaked in January and gradually subsided through April, when restrictions were relaxed. Malawi received its first consignment of vaccination doses from COVAX in March, but uptake has been low, with around 400,000 doses administered to about 2 percent of the population as of mid-June. Growth in 2020 was strongly affected by the pandemic, falling to an estimated 0.8 percent, down from pre-pandemic projections of 4.8 percent. The pandemic’s impact on the services and industry sectors was partially offset by a strong agricultural harvest. Services and industry slumped amid the ongoing disruptions caused by the pandemic to global value chains and trade and logistics, decreases in tourism and remittances, and dampened demand due to social distancing measures. The accommodation and food services subsectors were the most affected, while information and communication services, and utilities performed well. Agricultural production estimates for 2021 are strong, but the pandemic will still weigh on economic activity. Maize production is expected to increase to 4.5 million tons, a 17 percent increase over 2020’s bumper harvest. Business sentiment is showing some improvement in early 2021 but is still below pre-pandemic levels. Some 46 percent of firms surveyed in February 2021 by the Malawi Confederation of Chambers of Commerce and Industry (MCCCI) expect a positive performance for the year. This is an improvement from 31 percent in 2020 but remains short of pre-pandemic levels.en
dc.identifierhttp://documents.worldbank.org/curated/en/131501624458623473/Malawi-Economic-Monitor-Investing-in-Digital-Transformation
dc.identifier.doi10.1596/35880
dc.identifier.urihttps://hdl.handle.net/10986/35880
dc.languageEnglish
dc.publisherWorld Bank, Lilongwe
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC RECESSION
dc.subjectEXPORTS
dc.subjectREMITTANCES
dc.subjectFISCAL TRENDS
dc.subjectDEBT
dc.subjectMONETARY POLICY
dc.subjectDIGITAL TRANSFORMATION
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC IMPACT
dc.subjectDIGITAL DIVIDE
dc.titleMalawi Economic Monitor, June 2021en
dc.title.subtitleInvesting in Digital Transformationen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleMalawi Economic Monitor, June 2021
okr.date.disclosure2021-06-25
okr.date.doiregistration2025-05-07T09:01:31.249997Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/131501624458623473/Malawi-Economic-Monitor-Investing-in-Digital-Transformation
okr.guid131501624458623473
okr.identifier.externaldocumentum090224b088736d56_1_0
okr.identifier.internaldocumentum33202128
okr.identifier.report160924
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/131501624458623473/pdf/Malawi-Economic-Monitor-Investing-in-Digital-Transformation.pdfen
okr.region.administrativeAfrica
okr.region.administrativeAfrica Eastern and Southern (AFE)
okr.region.countryMalawi
okr.topicHealth, Nutrition and Population::Disease Control & Prevention
okr.topicInformation and Communication Technologies::Information Technology
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.unitMacroeconomics, Trade and Investment Global Practice
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