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Economists: Floods Will Slow Down Malawi Economic Growth

Economists are warning that the flooding in Malawi is likely to have an adverse effect on the country’s agro-based economy - which accounts for 30 percent of GDP and 90 percent of export revenues. A new Malawi government assessment said two weeks of torrential rains in early January washed away about 64,000 hectares of crop land - representing a food production loss of more than $8 million. The floods, the worst to hit the southern African country in 15 years, prompted President Peter...

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