Tanzania sees economic growth picking up to 7.4pc in 2017


Geza Ulole

Geza Ulole

JF-Expert Member
Joined
Oct 31, 2009
Messages
16,580
Likes
8,871
Points
280
Geza Ulole

Geza Ulole

JF-Expert Member
Joined Oct 31, 2009
16,580 8,871 280
Tanzania sees economic growth picking up to 7.4pc in 2017

eaBOT.jpg

The Bank of Tanzania headquarters in Dar es Salaam. PHOTO | FILE



Tanzania's central bank said on Tuesday it expects economic growth to accelerate to 7.4 per cent in 2017 from an estimated 7.2 per cent this year, driven by construction, communications and finance.

The Tanzanian economy, East Africa's second-biggest, grew 7 per cent last year.

"The macroeconomic objectives of the government aim at achieving a real gross domestic product growth of 7.3 per cent in 2016/17 based on the projected growth of 7.2 per cent in 2016 and 7.4 per cent in 2017, while maintaining inflation at single digits," the Bank of Tanzania said in its latest monetary policy statement.

"The bank will continue pursuing prudent monetary policy in 2016/17 to keep inflation close to the medium-term target of 5 per cent, while ensuring that the liquidity level is consistent with demands of various economic activities."

Tanzania's year-on-year headline inflation rate edged up to 5.2 per cent in May from 5.1 per cent in April, as prices rose for non-food items.

The government said it plans to increase spending by 31 per cent in its 2016/17 fiscal year to $13.51 billion to finance infrastructure and industrial projects.



Tanzania sees economic growth picking up to 7.4pc in 2017
 
eliakeem

eliakeem

JF-Expert Member
Joined
May 29, 2009
Messages
6,079
Likes
3,163
Points
280
eliakeem

eliakeem

JF-Expert Member
Joined May 29, 2009
6,079 3,163 280
Kudos Tanzania, but this time we want this to expressed to the welbeing of citizens.
 
mpiga domo

mpiga domo

JF-Expert Member
Joined
Apr 30, 2013
Messages
826
Likes
1,164
Points
180
mpiga domo

mpiga domo

JF-Expert Member
Joined Apr 30, 2013
826 1,164 180
hahahahaha aiseeee!!!!!!

haya tuone hiyo GDP correlation yake na maisha ya mtanzania wa kawaida ikoje.

Mohamed Dewji alisema GDP growth benefits don't trickle down to the bottom class of the population which is the majority.
 

Forum statistics

Threads 1,236,161
Members 475,020
Posts 29,248,398