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.
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.Follow and Subscribe Nyasa TV :