Finance
Tanzania expects economy to rebound in 2023
NAIROBI, April 28 (Reuters) – Tanzania’s economic system is anticipated to develop quicker this 12 months in contrast with a 12 months earlier, however efficiency may very well be dampened by results of the battle in Ukraine, Finance Minister Mwigulu Nchemba mentioned in a letter to the Worldwide Financial Fund.
Within the letter dated April 4 and made public on Friday, Nchemba mentioned the economic system was anticipated to broaden by about 5.2% in 2023 from 4.7% a 12 months earlier.
“We anticipate the economic system to proceed dealing with headwinds from spillovers of the battle in Ukraine within the close to time period,” he mentioned.
Tanzania’s economic system depends on amongst others, tourism, mining and agriculture.
Reporting by George Obulutsa; Modifying by James Macharia Chege
Our Requirements: The Thomson Reuters Belief Rules.