‘Malawi reduced to poorest country in the world by GDP’

Despite President Peter Mutharika projecting favourable economic data, a local newspaper columnist says the fact remains that Malawi has been reduced to the poorest country in the world by GDP per capita measure.

Not so happy people in poor Malawi

Prominent columnist ‘Backbencher’ in Weekend Nation observed that Malawi’s human development index is also among the lowest.

“On the other hand, corruption is rampant with no clear anti-graft policy and nearly half the population of 17 million is food insecure. In addition, for the first time ever, we’ve been subjected to a 25-hour electricity load shedding programme and yet nothing being done to contain deforestation, the root cause of our woes,” the columnist wrote.

Mutharika said the economy would continue growing in 2018.

“In 2018, I will ensure that our economy grows more to benefit more people because that is what inclusive development is about,” Mutharika said.

But UK-based Economist Intelligence Unit (EIU) says it expects growth in the local economy to slow down in 2018.

According to Nico Asset Managers December Economic Brief released on Monday EIU projects the economy will slow down by 0.3 percentage points in 2018.

“This downward revision emanates from the likely reduction in maize output this season, expected slow growth in tobacco production, and the industrial sector, which is unlikely to emerge as the key driver of growth due to stiff competition on the international market,” the briefing  said.

The World Bank has predicted the local economy to grow by 4.5 percent in 2018 from 4.4 percent in 2017 while the International Monetary Fund has predicted a five percent Gross Domestic Product growth in 2018 from 4.5 percent in 2017.

The country is expected to go for the second tripartite elections in May next year in what is expected to be a two-man battle between President Peter Mutharika, the DPP leader, and MCP president Lazarus Chakwera , who is also leader of opposition in Parliament.

 

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Concerned citizen
Guest

This show be treated with the seriousness and urgency it deserves.

Tenzi Mzungu
Guest
Tenzi Mzungu

You are just wasting your time if you don’t tame population you will become poorer and poorer. All your efforts will be in vain. You are avoiding real issues deliberately thinking someone will bail you out. And for your own information Malawi has never be a star performer it was just propaganda

Waku Gauteng
Guest
Waku Gauteng

News from Malawi is so depressing I don’t believe there’s a party that will ever take the country from the clutches of corruption.

Jamax
Guest
Jamax

Don’t scare people by bringing reports that are unfounded What I know is that God has good plans for us as Malawians and with this I for one believe that that Malawi is the blessed Nation only the devil who is the liar can preach the opposing news which reflects how evil Satan is to this Nation. Let him go to hell we need good news of hope.

Patrick
Guest
Patrick

On peace index how do we fare? Are you sure nothing good can come from Malawi Mr Backbencher? Don’t you think you oversing this poverty song and that’s why you are poor?(I’m not poor by the way). Let’s be positive, think positive about our country, argue with azungu who want portray our country as a land of dunderheads and eventually poverty will flee from us. Long live Malawi our only motherland

Political Analyst
Guest
Political Analyst

Dunderheads is an understatement but Trump put it rightly Shithole nation. With shithole leaders & shithole citizens with shithole thinking like you. Of what relevance is ur peace argument in a country infested wth corruption to the core, 25hrs blackouts, nepotism, high unemployment rates etc?

Banda Rodgers
Guest

To be led by people who only know to eat and spoon fed leads to this…. Even Gadaffi when his country was losing war he rushed to broadcast and anounced his victory yet people saw for themselves that he was failing… Now everyone knows that Malawi is a very thin cow which headman cant feed it but allows his household to milk it to death. Yet he claims to be educated….denoting that his proffessor title was obtained through corruption and magic… Enyone knows ways ways of developing a country economically if he/she is educated.. Simple theory… MORE EXPORTS THAN IMPORTS…… Read more »

haward.maloni@yahoo.com
Guest

Nanga choncho ndiye nkumanena kuti ine ndisintha zinthu 2018 aaa kuberana kumeneko osalola aMalawi zimene we are poorest wapangitsa ndi Peter and Dpp basi achoke akakhale a opposition akathandize anzawo pomwe azikalakwitsa muwone akawamvera osa ma gonthi amenewa osamva koma kuba ndalama nkumakayika ku ma bank akunja

Johsnon Peters
Guest
Johsnon Peters

THE ENTIRE WORLD AND MAJOR TOBACCO COMPANIES ARE WINDING DOWN ON PROMOTION AND SALES OF TOBACCO PRODUCTS AS CIGARETTE SMOKING HAS BEEN PROVEN TO BE GENUINELY HARMFUL TO HEALTH. SO MALAWI SHOULD LOOK FOR ALTERNATIVES TO TOBBACCO. THE END IS NEAR FOR THE TOBACCO INDUSTRY.

pathfinder
Guest
pathfinder

I would rather believe what world bank and IMF are saying. These so called based UK based economist intelligence and columnist are just confusing people.

hashtag
Guest
hashtag

A once bright shining star has now turned into a mere paraffin Koloboyi because of corruption and nepotism. And someone still believes they hold the magic to turn things around. Please pave way for the hardworkers and patriots to take this country to the promised land. When someone glorifies theft he himself is a thief. When it takes demonstrations and vigils to make someone see that a former Agricultural minister acted corruptly in the procurement of maize it all shows that the country lacks servant leadership. We will never cease to hope because we must hope that one day a… Read more »

Awize
Guest
Awize

We are the poorest on this planet that’s a fact. We are sithole people with very low level of thinking. Policy-makers have failed us with their good policies but little or no implementation on the ground. We need great and serious minds to turn around our misfortunes. These old guards must go including the man of God (Rev Dr Lazarus Chakwera)

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