Malawi sees 2012 growth at 4.3%

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Malawi expects to see its GDP grow by 4.3 percent this year and 5.7 percent next year while inflation will remain in double digits, largely due to a recent devaluation of its kwacha currency, the finance minister told parliament on Friday.

The aid-dependent southern African nation's economy had been in a tailspin for about a year after its former president picked a fight with major donors that slashed the budget. The new government installed in April has worked to restore aid flows. - Reuters


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