Malawi Autos Report Q1 2014

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Malawi Autos Report Q1 2014 Nov 6th 2013, 00:00 Price: $ 1295   BMI maintains a particularly bearish outlook for vehicle sales in Malawi in 2013, forecasting a 16.3% decline in total sales and 22% drop in passenger car sales. We believe things will improve (we forecast total annual sales growth will average 4.7 in 2014-2017, with annual passenger car sales growth averaging 1.7%). However, we believe that the macroeconomic picture is becoming increasingly poor - predicated on rampant inflation, the rapidly depreciating local currency, and high interest rates - which will curb sales growth. Food insecurity has caused the price of maize to climb, and resulted in long queues for the little that is available. An estimated 2mn people are in need of food aid within the country and, for the first time in six years, Malawi has had to import maize from neigh ... Complete report details with Table of Contents and more @ http://www.marketreportsonline.com/292508.html

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