Don YF
JF-Expert Member
- May 24, 2014
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UPDATE 1-Tanzania raises 2020 growth forecast to 5.5% from 4% -finance minister
Nuzulack Dausen
DAR ES SALAAM, June 11 (Reuters) - Tanzania now expects its economy to grow by 5.5% in 2020 compared with a previous estimate of 4%, finance minister Philip Mpango said on Thursday, after the government took steps to mitigate the economic impact of coronavirus.
THE FACTS BY WORLD BANK
The projections are rosier than the World Bank’s, which said it expected GDP growth to drop to 2.5% in 2020 from 6.9% last year, citing the impact of the pandemic.
“International travel bans and caution against contracting the virus have severely hurt the tourism sector,” the bank said.
My take: Where is Tanzania getting 5.5%, which sectors ju their main ones like tourism and other exports ziko affected by covid19. Even juzi I watched eti Kenya will also grow by 5% this year than 2% that was projected earlier! I doubt any of these.
Kwanza Tanzania, where CCM govt banned independent research bodies from projecting economic data, ni CCM wanafanya na ni hao wanapeana. The reason it is contradicting the world banks projection.😂😂😂😂 Tanzania iko na economy uchwara!, they cannot substiantiate.
Nuzulack Dausen
DAR ES SALAAM, June 11 (Reuters) - Tanzania now expects its economy to grow by 5.5% in 2020 compared with a previous estimate of 4%, finance minister Philip Mpango said on Thursday, after the government took steps to mitigate the economic impact of coronavirus.
THE FACTS BY WORLD BANK
The projections are rosier than the World Bank’s, which said it expected GDP growth to drop to 2.5% in 2020 from 6.9% last year, citing the impact of the pandemic.
“International travel bans and caution against contracting the virus have severely hurt the tourism sector,” the bank said.
My take: Where is Tanzania getting 5.5%, which sectors ju their main ones like tourism and other exports ziko affected by covid19. Even juzi I watched eti Kenya will also grow by 5% this year than 2% that was projected earlier! I doubt any of these.
Kwanza Tanzania, where CCM govt banned independent research bodies from projecting economic data, ni CCM wanafanya na ni hao wanapeana. The reason it is contradicting the world banks projection.😂😂😂😂 Tanzania iko na economy uchwara!, they cannot substiantiate.