International Trade in Malawi

International Trade in Malawi

Before the country was hit by the global recession, Malawi's  macro-economic results were impressive. The growth fell to 6% in 2010 and hsould remain at this level during the coming years. The agricultural sector is the main growth driver, accounting for more than a third of the GDP and... Read more

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  • MARS EXIM PVT LTD

    MARS EXIM PVT LTD

    Direct Marketing, Malawi

    Our company is Govt. of India Recognized Export House .Our main line of products are Light engineering goods which includes : •...
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    Cubic Global

    Executive Search, Malawi

    We are a global executive search and recruitment firm that uses tried and tested selection methodologies to ensure that we precisely...

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Overview About International Trade in Malawi

Economic Overview

Before the country was hit by the global recession, Malawi's  macro-economic results were impressive. The growth fell to 6% in 2010 and hsould remain at this level during the coming years. The agricultural sector is the main growth driver, accounting for more than a third of the GDP and ensuring 90% of the export revenues.

 

Despite the fact that Malawi was spared the global financial crisis epidemic, the economic crisis did affect the country's growth because of a reduction in the demand of its products, the drop in raw materials prices as well as the fall in investment inflow and the reduction of official development assistance (ODA). The public authorities have signed a three-year accord with the IMF, as part of the Extended Credit Facility, in order to sustain growth and deal with external imbalances. Priority is given to fiscal prudence, social spending on the poorest parts of the population, rationalisation of the foreign currency and exchange rate markets and the improvement of the business climate.

The country's health and social situation gives reason for concern: life expectancy is 48 years, more than 60% of the population lives on less than 2 dollars per da...

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