The Reserve Bank of Malawi (RBM) has slashed its manufacturing sector growth projection for 2025 to 2.4 percent from 3.9 percent forecast in October last year. The central bank blamed persistent foreign exchange shortages which have crippled raw material imports and intermittent power supply for the downward revision. In its Second Quarter Economic Review released recently, RBM said sub-optimal agricultural production has also limited availability of key raw materials for agro-based manufacturing.
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