Malawi has lowered its 2025 economic growth forecast to 3.2% amid protests against rising inflation, primarily by street vendors. Inflation is at 28.5%, affecting imports. The government is taking measures to boost production in key sectors and tackle foreign currency shortages.
Malawi’s government has revised its economic growth forecast for 2025, lowering it to 3.2% from 4.0%. This adjustment comes amid widespread protests predominantly led by street vendors who are struggling due to escalating inflation rates. Demonstrations, which began in the capital, Lilongwe, have now extended to Blantyre, fueled further by discontent among jobless youth against President Lazarus Chakwera’s administration.
In summary, Malawi’s economic outlook has been negatively impacted by high inflation, resulting in a revised growth forecast for 2025. Protests fueled by public discontent are primarily driven by street vendors and unemployed youth. The government’s strategies to combat inflation include addressing forex shortages and negotiating debt restructuring to stabilize the economy.
Original Source: www.thecitizen.co.tz
