IMF: Tanzania’s economy to expand

[RUCCI]

The International Monetary Fund said on Wednesday it estimates Tanzania’s economy expanded by 7 percent last year and forecast growth to be close to that again in 2016.

The IMF said in a statement that inflation, which averaged 5.6 percent in 2015, was expected to “decrease further in the coming months, remaining close to the authorities’ medium-term target of 5 percent.”

 

[Towashi wa 2]

This growth rate is largely far to reduce the poverty given the high population growth,worse enough is the fact that the pillars of growth do not constitute the mass