The Russia-Ukraine war has contributed to worsening macroeconomic conditions in Malawi. 

In its April World Economic Outlook, the International Monetary Fund has cut down Malawi’s GDP projections for 2022 from 3.5% projected in January 2022 to 2.7 percent. The war has impacted Malawi’s economy in several channels including: increased inflationary pressure; increased risk to debt distress; increased risk of food insecurity and increased commodity prices.