Malawi: Trade Deficit Widens 20% in 11 Months, Deepening Cost-of-Living Crisis

Malawi: Trade Deficit Widens 20% in 11 Months, Deepening Cost-of-Living Crisis

Malawi's economy is bleeding through trade, with new data showing that the country is buying far more from the rest of the world than it is selling--an imbalance that is worsening pressure on prices, jobs and the value of the kwacha.

Noah Smith Is Mistaken About Trade Deficits

TweetHere’s a letter to a long-time, friendly patron of Café Hayek. Pete: Thanks for sending along Noah Smith’s Christmas-eve post titled “Why Europe should resist the Second China Shock.” Like you, I disagree with much that’s in this post. Especially disappointing is Smith writing this: “That’s what a trade deficit is – the writing of…Noah…

Trade deficit widens 20% in 11 months, deepening cost-of-living crisis - Malawi Nyasa Times - News from Malawi about Malawi

Malawi’s economy is bleeding through trade, with new data showing that the country is buying far more from the rest of the world than it is selling—an imbalance that is worsening pressure on prices, jobs and the value of the kwacha. Figures from the National Statistical Office (NSO) show that Malawi’s cumulative trade deficit for […] The post Trade deficit widens 20% in 11 months, deepening cost-of-living crisis appeared first on Malawi Nyasa Ti…

Malawi's Import Burden Swells: 20% Trade Deficit Surge in 11 Months Poses New Challenges for Local Businesses

Key Business Points Malawi’s trade deficit has increased by 20% to $2.4 billion (about K4.2 trillion) in the 11 months to November, driven by a surge in imports and a […] The post Malawi’s Import Burden Swells: 20% Trade Deficit Surge in 11 Months Poses New Challenges for Local Businesses appeared first on Business Malawi.

Trade deficit widens 20% in 11 months

National Statistical Office (NSO) data show that Malawi’s cumulative trade deficit in the 11 months to November this year jumped by 20 percent to $2.4 billion (about K4.2 trillion) compared to $2 billion (about K3.5 trillion) during the same period last year. In its latest International Merchandise Trade Statistics, NSO data show that during the review period, imports were recorded at $3.27 billion (about K5.7 trillion) from $2.91 billion (about…