World Bank Says Tanzania’s GDP Forecast to Grow 5.8% in 2020 From 5.6% in 2019

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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)


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