World Bank downgrades Malawi’s growth forecast

Malawi’s economic recovery has suffered a blow after the World Bank lowered growth forecast from 2.6 percent to 2.3 percent, citing weaker global demand, rising energy costs and tighter financial conditions. Economists, however, argue that the downgrade reflects weak and misaligned economic planning and recovery, with urgent need for realistic and implementation-focused reforms. According to … The post World Bank downgrades Malawi’s growth forecast appeared first on Nation Online .