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Msukosuko wa vyombo vya fedha duniani na madhara yake kwa tanzania

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Ibrah, Nov 19, 2008.

  1. Ibrah

    Ibrah JF-Expert Member

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    Nov 19, 2008
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    Nimeipata taarifa hii toka Wavuti ya Benki Kuu ya Tanzania. Kwa wanaopenda kujua madhara ya Msukosuko huo kwa Nchi yetu.
     
  2. M

    Mama JF-Expert Member

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    Nov 20, 2008
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    Tanzania Reduces 2008 Growth Forecast, Ministry Says (Update1)

    By Sarah McGregor
    Nov. 19 (Bloomberg)

    Tanzania cut its economic growth forecast for 2008 and may reduce its estimates for the next three years as the global financial crisis trims exports and leads to a slowdown in tourism, the Finance Ministry said.

    The east African nation lowered its growth forecast for this year to 7.5 percent from the 7.8 percent figure announced in June, Mugisha Kamugisha, commissioner for policy analysis at the ministry, said today in an interview in the commercial hub of Dar es Salaam.

    There may also be a re-evaluation of the country's growth forecasts for 2009, 2010 and 2011, depending on the pace of recovery in the world economy, he said. In June, Finance Minister Mustafa Mkulo said he expected economic growth to accelerate to 8.1 percent in 2009, 8.8 percent in 2010 and 9.2 percent in 2011.

    Tanzania relies on commodities for the bulk of its export earnings. It is the continent's third-largest gold producer, and ranks fourth in terms of coffee exports. Its economy grew 7.1 percent last year and 6.7 percent in 2006, as it benefited from the cancellation of much of its debt and as commodity prices surged.

    The financial crisis and slowing global growth have reduced demand for Tanzania's mineral, agricultural and horticultural exports, especially from India and China, Kamugisha said.

    Tanzania's export earnings are forecast to rise 14.8 percent to $4.3 billion in 2008 compared with a year earlier, thanks to a pick up in the service sector, he said. Imports will grow 16.5 percent to $5.7 billion, he added.

    To contact the reporter on this story: Sarah McGregor in Dar es Salaam via Johannesburg at 1933 or abolleurs@bloomberg.net.

    Last Updated: November 19, 2008 09:27 EST
     
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