Malawi records $540m trade gap in 2 months

Uncover the Hidden Opportunity: Malawi’s $540m Trade Gap Explained

Key Business Points Monitor forex availability closely as the trade deficit has climbed to $540 million, increasing pressure on the kwacha. Prepare for higher operational costs due to electricity blackouts […] The post Uncover the Hidden Opportunity: Malawi’s $540m Trade Gap Explained appeared first on Business Malawi.

Malawi records $540m trade gap in 2 months

By Kingsley Jassi: A bumpy start in trade leaves Malawi with a $540 million deficit over the first two months to February, rising from last year’s $468 million during the same period. However, the deficit slightly reduced in percentage points, from 82.5 percent last year, same period, to 80.6 percent, according to monthly economic reviews by the Reserve Bank of Malawi (RBM). The country needs to reduce the gap to zero but low industrial output h…