Tanzania Economic Update, April 2017 : Money Within Reach - Extending Financial Inclusion in Tanzania
In 2016, the global economic environment remained subdued, with growth performance in Sub-Saharan Africa the weakest in over 20 years. Economic conditions across most advanced economies remained challenging, while emerging and developing economies...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/340591491579331322/Tanzania-economic-update-money-within-reach-extending-financial-inclusion-in-Tanzania http://hdl.handle.net/10986/26393 |
| Summary: | In 2016, the global economic environment
remained subdued, with growth performance in Sub-Saharan
Africa the weakest in over 20 years. Economic conditions
across most advanced economies remained challenging, while
emerging and developing economies as a whole are set to
maintain their growth momentum. However, there is a lot of
variation between developing countries. Growth in
Sub-Saharan Africa slowed down significantly, dropping from
an average real GDP growth rate of 4.5 percent in the
2010-15 period to an estimated 1.5 percent in 2016, the
lowest rate in more than two decades. The decline in the
region's average growth rate is the result of a number
of factors, most notably the ongoing adjustments to sluggish
commodity prices, the slowdown in export demand, and the
tightening of global financial conditions. In the context of
these developments, the ninth edition of the Tanzania
Economic Update describes the current state of the economy,
with the special topic focusing on financial inclusion. The
report aims to stimulate policy analysis and debate around
the key economic and development challenges that Tanzania
faces as it strives to fulfill its aspirations of becoming a
middle-income country. In addition to describing key aspects
of macroeconomic performance and fiscal management, the
report presents a timely analysis of the impact of financial
sector deepening on economic activity and on the livelihoods
of Tanzanians. |
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