Impact of Political Uncertainty on Tanzanian Growth

Impact of Political Uncertainty on Tanzanian Growth

Tanzania’s economic growth has been robust and amongst the highest in the region at an annual average rate of 6.8% from 2010-2015, which continued to improve to 7.0% in 2016. Economic growth is forecast to reach 7.1% in 2017, significantly higher than its regional counterparts, with Kenya’s GDP growth for the same period projected to be at 5.9%.

Infrastructure and investment in FY2016/17

National Budget Review for Tanzania

Leading up to the FY2016/17 national budget speech in June last year, there was a sense among analysts that the Tanzanian Treasury would be presenting an austerity-focused national budget in a bid to restrain the gradual rise in levels of government debt over the past few years. But instead, the Treasury announced a significant public spending increase of 30% year-on-year.

A “round up” on the ending financial previous year

Tanzanian 2016 Political Economy Review

Tanzania is one of the beneficiaries of the post-2009 global financial crisis investment hedging initiatives by developed economies and institutional investors. Consequently, Tanzania has experienced remarkable economic growth over the past 5 years despite the global economic downturn and ongoing uncertainty.