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El Niño, other shocks to cut GDP by 2.9%
Summary by Times Malawi
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El Niño, other shocks to cut GDP by 2.9%
By Mcloyd Chilangiza: The International Food Policy Research Institute (IFPRI) has warned that El Niño, higher fertiliser prices and fuel costs could cut Malawi’s gross domestic product (GDP) by an average of 2.9 percent in 2027. The shocks could push an additional 495,000 people into poverty and 4.6 million into undernourishment. The study estimates that the combined shocks could reduce Malawi’s GDP by between 1 percent and 7 percent, dependin…
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