Country Economic Forecasts - Tanzania
Tanzanian economic growth came in at 6.8% y-o-y for the first three quarters of 2017, driven by a 11.5% y-o-y expansion in the industrial sector. A slight slowdown in industrial growth during the final quarter of the year was accompanied by a recovery in the agricultural sector – the latter having endured the lingering effects of a regional drought – with annual real GDP growth estimated at 6.7% for 2017. Tanzania’s economic outlook remains positive, with real GDP growth projected to average just under 7% p.a. over the medium term. One notable downside risk relates to perceptions of erratic policymaking by the Magufuli administration potentially undermining business confidence and discouraging investment.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook