The Reserve Bank of Malawi (RBM) says it expects inflation to average 8.8% this year.

The projection is uniform with the Economist Intelligence Unit (EIU) which projected the same, justifying its prediction to lower global oil prices. Likewise, the central bank has attributed the forecast to stable fuel prices, coupled with better food supply and stability in local currency.

However, the projections follow the increasing spread of CoronaVirus which has seen businesses being negatively affected. Malawi has recently acquired the testing kits, as the Government has announced that travelers from infected countries, must self quarantine upon arrival.