United Republic of Tanzania

Tanzania’s macroeconomic performance remains strong. Economic growth was strong during the first half of 2016 and is projected to remain at about 7 percent this fiscal year. Inflation came down below the authorities’ target of 5 percent and is expected to remain close to the target. There are downside risks to economic growth, however, stemming from the currently tight stance of macroeconomic policies, the slow pace of implementation of public investment, and private sector uncertainty about the government’s new economic strategies.