|
Tanzania's economy is expected to grow by 6.7 percent in 2011, compared with an estimated 6.2 percent this year as the world economy recovers, the International Monetary Fund said.
"Real GDP growth is projected to rise to 6.2 percent in 2010 and to 6.7 percent in 2011, reflecting a continuation of the economic rebound in the second half of 2009 and the anticipated pick up in global and sub-Saharan African growth," IMF said in a statement late on Wednesday. IMF said it expected inflation to ease to 5.0 percent by the end of June 2011, helped by declining food prices thanks to increased production.
Tanzania's annual inflation stood at 7.9 percent in May and at 9.4 percent in April.
The government expects output in the east African economy to grow by 7.0 percent in 2010, from 6.0 percent last year.
Like its east African neighbours, Tanzania's economy was hurt by the fallout from the financial crisis hitting demand for exports and tourism in late 2008 and the early part of 2009.
It had also been suffering from a prolonged drought that weighed on agricultural output and energy production.
Reuters
|