NAIROBI – Tanzania’s economy is forecast to grow 5.8% in 2020 compared with an estimated 5.6% this year, and growth will rise to 6.1% in 2020, the World Bank said on Thursday.
The World Bank’s 2019 forecast is lower than the government estimate of 7.1%.
“World Bank staff estimates using high-frequency official data on spending suggest that real GDP growth in 2019 will be 5.6%, up from 5.4% in 2018,” the World Bank said in its Economic Update on Tanzania.
(Reuters)
