Rebound in tourism expected to fuel Tanzania's economic growth to 6.3 percent
Tanzania, March 23 -- Arusha. Tanzania's gross domestic product (GDP) is predicted to rise by 6.3 percent this year, driven by a rebound in tourism and ongoing investments in public infrastructure, according to stakeholders citing international agencies.
In contrast, it is anticipated that inflation will moderate in 2024 to approximately 4 percent, possibly due to both domestic demand and changes in the price of commodities globally.
This was revealed in Dar es Salaam early this week during the CEO Roundtable Meeting on East African Integration and Economic Outlook 2024.
The event was organised by the East African Business Council (EABC) in partnership with the Switzerland-Tanzania Chamber of Commerce and the Tanzania Private Sector Fo...
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