Publication:
Malawi Economic Monitor, December 2021: Addressing Macro and Gender Imbalances

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dc.contributor.authorWorld Bank
dc.date.accessioned2021-12-21T16:00:20Z
dc.date.available2021-12-21T16:00:20Z
dc.date.issued2021-12
dc.description.abstractAfter several months of low COVID-19 case numbers, Malawi is facing a fourth wave. While an increasing share of the global population is protected by vaccines, only about 6.5 percent of the population is vaccinated in Malawi, increasing the country’s vulnerability to the virus. The Government response to the third wave was less stringent than in previous waves and businesses began adapting to COVID-19 restrictions. Thus, overall, it had less of an economic impact than in earlier waves. However, with cases accelerating rapidly in mid-December, Malawi is beginning a fourth wave of infections induced by the Omicron variant, and the Government has modestly tightened restrictions. Economic growth is projected to pick up from 0.8 percent in 2020 to 2.4 percent in 2021, primarily driven by one-time increases in the agricultural sector. With a population growth rate around 3.0 percent, however, this level of economic growth equates to a contraction in per capita output. Favorable weather, as well as increased fertilizer use due to the Affordable Inputs Program (AIP), led to record harvests. While agriculture accounts for the bulk of overall growth, growth in services and industry sectors has improved but remains tepid. With less stringent social distancing policies, demand is improving from low levels. However, the private sector still faces multiple concerns which weigh on performance and investment. These include limited availability of foreign exchange, compulsory liquidation of foreign exchange, inflation on imported items (particularly fuel), perceptions of heavy taxation, limited credit, and cumbersome regulation. Headline inflation has increased to double digits in November and recent price increases have heightened concerns about the cost of living.en
dc.identifierhttp://documents.worldbank.org/curated/undefined/099505012202128779/P1750200ec25370fa08b4205261a47aa4ce
dc.identifier.doi10.1596/36747
dc.identifier.urihttps://hdl.handle.net/10986/36747
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.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC IMPACT
dc.subjectMACROECONOMIC IMBALANCE
dc.subjectGENDER GAPS
dc.subjectINCLUSIVE GROWTH
dc.subjectCOMMODITY PRICES
dc.subjectFISCAL TRENDS
dc.subjectEXTERNAL DEBT
dc.subjectEXCHANGE RATE
dc.subjectMONETARY POLICY
dc.subjectBANKING SECTOR
dc.titleMalawi Economic Monitor, December 2021en
dc.title.subtitleAddressing Macro and Gender Imbalancesen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleMalawi Economic Monitor, December 2021
okr.date.disclosure2021-12-20
okr.date.doiregistration2025-05-07T12:16:59.738144Z
okr.date.lastmodified2021-12-20T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/undefined/099505012202128779/P1750200ec25370fa08b4205261a47aa4ce
okr.guid099505012202128779
okr.identifier.externaldocumentum33686249
okr.identifier.internaldocumentum33686249
okr.identifier.report167183
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099505012202128779/pdf/P1750200ec25370fa08b4205261a47aa4ce.pdfen
okr.region.administrativeAfrica
okr.region.administrativeAfrica Eastern and Southern (AFE)
okr.region.countryMalawi
okr.topicGender::Gender and Development
okr.topicHealth, Nutrition and Population::Disease Control & Prevention
okr.topicMacroeconomics and Economic Growth::Commodities
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.unitEFI-AFR1-MTI-MacroFiscal-1 (EAEM1)
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