Malawi's 2017 economic growth seen higher than 5.5 percent: president

Malawi's 2017 economic growth seen higher than 5.5 percent: president
Malawi President Mutharika addresses the 72nd United Nations General Assembly at U.N. headquarters in New York
LILONGWE (Reuters) - Malawi's economic growth for this year is likely to exceed 5.5 percent, President Peter Mutharika said in a speech on Friday.

Speaking shortly after the president's speech, the country's Finance Minister Goodall Gondwe told Reuters the expansion would beat a forecast of 5 percent GDP growth given by the International Monetary Fund earlier this year.

Gondwe said the growth in a country where agriculture is a pillar of the economy was driven by continued favourable weather conditions and a bumper crop of 3.5 million tonnes of maize in 2017 up from last year's 2.4 million tonnes.

(Reporting by Mabvuto Banda; Editing by James Macharia)

2017-11-10 13:36:38

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