Business & Finance

World bank- Tanzania’s GDP to grow by 5.8% in 2020

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, said World Bank.

Source: Voice of Nigeria