Ecama tips government on cushioning Covid-19 impact

The Economics Association of Malawi (Ecama) says government should focus on measures that stimulate production at sector or industry levels and expenditure at household level to cushion the impact of coronavirus (Covid-19) pandemic.

In its assessment on the economic impact of Covid-19 pandemic made available to Business News, the economists’ body observed that the pandemic will result in a slowdown in key sectors of the economy, ultimately translating to a lower gross domestic product (GDP).

Reads the statement in part: “To contain and minimise the Covid-19 effects, government needs to suspend non-essential

The Economics Association of Malawi (Ecama) says government should focus on measures that stimulate production at sector or industry levels and expenditure at household level to cushion the impact of coronavirus (Covid-19) pandemic.

In its assessment on the economic impact of Covid-19 pandemic made available to Business News, the economists’ body observed that the pandemic will result in a slowdown in key sectors of the economy, ultimately translating to a lower gross domestic product (GDP).

Reads the statement in part: “To contain and minimise the Covid-19 effects, government needs to suspend non-essential 

 In his address on additional Covid-19 measures on April 4, President Peter Mutharika said government is keen to protect businesses and ensure survival of the economy.

The President also ordered the Malawi Revenue Authority to open a voluntary tax compliance window for six months to allow taxpayers with arrears to settle their tax obligations in installments without penalty