Tanzania’s economy is forecast to grow at 5.2 percent this year, while six Eastern African countries’ economies are projected to plunge into recession, blaming the trend on the Covid-19 pandemic, a new report shows.
The new projection by the African Development Bank (AfDB) is lower than the 6.4 percent it projected before the pandemic. Tanzania’s growth will beat 12 other Eastern African countries in 2020, according to the report. The government predicts the economy will grow by 5.5 percent this year, while the World Bank projects it to slow to 2.5 percent.
The six countries which are projected to go into recession in 2020 are Seychelles (-10.5), Sudan (-7.2), Burundi (-5.2), Somalia (-3.3), Comoros (-1.2) and South Sudan (-0.4).
The other six countries will grow economically - but doing so at arelatively lower rate than Tanzania.
The countries (with their growth rate percentages in brackets) are Rwanda (4.2), Ethiopia (3.1), Uganda (2.5), Kenya (1.4), Djibouti (1) and Eritrea (0.3).
https://www.thecitizen.co.tz/news/-Tanzania--to-register-fastest-growth-economy-/1840340-5590990-ittey8z/index.html