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World Bank sees Tanzania’s economy expanding up to 5.5% this year

World Bank sees Tanzania’s economy expanding up to 5.5% this year

THE World Bank predicts Tanzania's economy to expand between 4.5% to 5.5% this year compared to 4.3% in 2021, as a rollback of coronavirus-related restrictions in many countries boosts tourism and trade, its country director said. After initially downplaying the severity of the COVID-19 pandemic under the late President John Magufuli, Tanzania changed its approach under his successor, President Samia Suluhu Hassan, and launched a vaccination programme in August last year. "The vaccination programme is crucial for underpinning a stable recovery of international travel and tourism, which together account for more than one-quarter of the country’s total exports," Mara Warwick,…
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