Tanzania Economic Outlook
September 18, 2018Recent reports released by the Central Bank suggest the economy continued to perform well in the second quarter, although it most likely slowed from last year. Supported by measures taken by the Central Bank to expand liquidity, credit to the private sector accelerated notably in Q2, although a considerable stock of non-performing loans continues to weigh on the banking sector. Moreover, development spending rose sizably in annual terms in the same period, buoying overall public spending which outpaced growth in tax revenues. Coupled with higher prices for oil, however, this translated into higher capital imports and a widening of the current account deficit, accentuated by a poor tobacco harvest which dragged on exports.
Tanzania Economic GrowthIncreased public infrastructure investment will support the construction sector and thus GDP growth in what remains of the year and in 2019. Growth will also be fueled by an expansionary monetary policy stance. The high stock of banks’ bad debt represents the main downside risk. Met the why particular panelists expect GDP to expand 6.4% in 2018 and 6.5% in 2019, unchanged from last month’s forecast.
Tanzania Economy Data
5 years of Tanzania economic forecasts for more than 30 economic indicators.
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|Bond Yield||14.85||0.0 %||Sep 20|
|Exchange Rate||2,285||0.0 %||Sep 20|
|Stock Market||1.5||0.0 %||Sep 18|
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