Malawi economic growth to be lower -MEJN

An economic think-tank, the Malawi Economic Justice Network (Mejn) says it is doubtful that Malawi will this year achieve the targeted six percent economic growth due to several factors including natural disasters.

Kubalasa: Slow economic growth

Kubalasa: Slow economic growth

Mejn executive director Dalitso Kubalasa said this on Wednesday when asked if Malawi would achieve the six percent economic growth target.

“This is another tough year, the situation looks gloomy. We have the floods and other natural disasters. We had ambitious projections but what we see on the ground is different,” he said.

Kubalasa said it will be surprising if Malawi would achieve the six per cent economic growth, saying the agricultural sector, the country’s main economic stay has been negatively affected.

He also said the mining sector has been negatively  affected following the closure of Kayelekera Uranium plant in Karonga so too the tourism sector is not doing well as expected.

“This paints an extremely gloomy picture. Malawi cannot achieve such an ambitious economic growth within a short period,” he said.

He said the country might have a negative growth, saying the economy has been shrinking steadily.

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4 thoughts on “Malawi economic growth to be lower -MEJN”

  1. Zilani says:

    MEJN, this is your time to tell govt to spend within our means.

    MEJN should be the first to project govt’s budget towards basic service delivery expenditures.

    MEJN should be the first to warn govt on any slacks as far ss fiscal discipline is concerned.

    MEJN, do you have a well analysed govt’s expenditure for the first six months of the 2015/2016 budget? Can you publish it?

    Do you understand the govt’s Financial Statement No. 1?

    Take a good look at it snd you will see alot of uncleared below the line expenditures ready to absorb cashgate right in front of your nose.

    Technically, MEJN needs experts to help you. Ndangodutsamo sindinathyole mnkwani.

  2. Think tank says:

    MEJN is not a think tank! It is just a network for dialogue and advocacy on economic issues. Do you really know what a think tank is? A think tank would have professors, distinguished researchers working in teams to conduct cutting edge research and producing knowledge products. Show me one original knowledge product from MEJN. An example of a think tank would be Brookings Insitution (Google them)

  3. nyasa says:

    Malawi Economic Justice Network is always commenting the obvious. Always taken away by the wind’s direction. “Mkomwe namlinga nalikoma”

    It is high time the Civil Society woke up from its slumber and faced its duties with passion.

    This is the time to tell the govt and the opposition alike to sacrifice their obscene and dubious allowances in an attempt to resuscitate our economy.

    I have always said that I don’t agree to pay MPs, political govt officials, presidential advisers any personal monthly fuel allowances. They’re but an abuse to public resources. MEJN is just looking on.

    In his remarks, MEJN boss acknowledges our situation has been compounded by natural disasters. Nobody manufactured the disasters.

    Any business that has not made any profits cannot pay out bonuses. Simple and straight forward Corporate Governance principle.

    In the same vein, govt should demonstrate this in the way it conducts its business. Sacrifice, sacrifice, sacrifice. We don’t have to wait for donors to come to tell us to sacrifice for our own economy’s survival.

    Chilima reforms are trying to put all this in line but somewhere within the ranks things are not addimg up.

    APM was tough to say, anybody who wants more money and bonuses should leave the public offices and work in the private sector. Unfortunately, APM just talked about it, it wasn’t meant to be implemented. No politocal behind it. DELIBERATELY.

    Soon after saying this, he hired a crowd of advisors and approved huge perks for them. MEJN just looked on.

  4. mbanga says:

    shrinking is a kinder word. The economy collapsed.

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