APM Govt Policies Bearing Fruits As Malawi Economy Is On Track: Inflation Rate Down
Malawians have all reasons to smile and opposition should brace tough times ahead, and forget of unseating the Democratic Progressive Party government under the leadership of President Prof. Arthur Peter Mutharika, as the policies and reforms which the APM led administration put in place are bearing fruits.
Reports on economy and financial monitoring of the country’s stand has indicated that Malawi economy is on track with the inflation rate going down to 15.8 %,giving room that there is more hope that Kwacha will gain extra market forces against the major foreign currencies.
This is inline with what African Development Bank, IMF and World Bank said recently that Malawi economy is moving in the right direction.
President Peter Mutharika on several occasions promised Malawians that things will be okay economically because his government was trying within its powers to do the best it can for the country to heal its wounds economically from the worst fiscal scandal, dubbed cash gate which took place during the previous rule of Joyce Banda, resulting in donors withdrawing their financial support to Malawi and billions from the state coffers vanishing.
Prices of goods and services are expected to go down with the inflation rate going down.