Barya
JF-Expert Member
- May 5, 2012
- 949
- 1,193
So I’m not terribly surprised that the economy today looks pretty similar to the economy at the end of the Jakaya Kikwete administration. For example; unemployment Rate in Tanzania decreased to 10.30 percent in 2017 from 10.70 percent in 2014.
Though Economic growth has slowed since the last quarter of 2016, following real GDP growth of at least 7% between 2013 and 2016. Growth is projected to remain robust at 6.7% in 2018 and 6.9% in 2019, representing one of the best performances in East Africa.
So consider the most recent GDP release, which found the economy growing at an annual rate of 7.2 percent. That’s fast growth, to be sure. But the economy enjoyed an annual rate of growth above 6 percent during four quarters of Jakaya’s presidency.
Magufuli has been president for 36 months, during which the economy added an average of 14,000 jobs per month. In the final 36 months of the Jakaya presidency, the economy added 18,000 jobs per month — basically there is small difference.
I’m going to stop the comparisons here. It’s not good practice to analyze economic data grouped by presidential administration, precisely because the president does not control the economy with a wand, magic or otherwise. And the gist of the major economic indicators confirms the story told by the three I’ve discussed above.
Though Economic growth has slowed since the last quarter of 2016, following real GDP growth of at least 7% between 2013 and 2016. Growth is projected to remain robust at 6.7% in 2018 and 6.9% in 2019, representing one of the best performances in East Africa.
So consider the most recent GDP release, which found the economy growing at an annual rate of 7.2 percent. That’s fast growth, to be sure. But the economy enjoyed an annual rate of growth above 6 percent during four quarters of Jakaya’s presidency.
Magufuli has been president for 36 months, during which the economy added an average of 14,000 jobs per month. In the final 36 months of the Jakaya presidency, the economy added 18,000 jobs per month — basically there is small difference.
I’m going to stop the comparisons here. It’s not good practice to analyze economic data grouped by presidential administration, precisely because the president does not control the economy with a wand, magic or otherwise. And the gist of the major economic indicators confirms the story told by the three I’ve discussed above.