Tanzania Economic Outlook
July 16, 2019Annual growth in the final quarter of 2018 remained stable at Q3’s robust 7.1%. The manufacturing and construction sectors spearheaded the overall expansion, with output growth in both sectors accelerating notably from the previous quarter. In addition, the all-important agricultural sector strengthened, although it remained relatively weak compared to other sectors. On a less positive note, activity in the hospitality and financial sectors lost considerable traction in Q4. Turning to this year, the economy appears to have lost some momentum owing to the deteriorating external backdrop. Exports shrank slightly in January–April, chiefly due to tumbling agricultural exports, which, coupled with higher imports, caused the current account deficit to jump in the period.
Tanzania Economic GrowthGrowth is expected to lose some traction this year, chiefly due to slowing investment growth amid concerns over unpredictable government policies and a downbeat business environment. Robust private consumption growth, higher public spending and a rebound in exports should curb the slowdown, however. FocusEconomics panelists expect GDP to expand 6.0% in 2019, which is down 0.2 percentage points from last month, and 6.0% again in 2020.
Tanzania Economy Data
5 years of Tanzania economic forecasts for more than 30 economic indicators.
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|Bond Yield||15.38||0.0 %||Jul 11|
|Exchange Rate||2,298||0.0 %||Jul 11|
|Stock Market||1.1||0.0 %||Jul 10|
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