Tanzania Economic Update, February 2021 : Raising the Bar - Achieving Tanzania’s Development Vision
The emergency of the COVID-19 novel coronavirus plunged the global economy into a recession in 2020, and the pace of recovery remains uncertain both among advanced and emerging economies. Pandemic-related health restrictions and the adoption of pr...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/803171614697018449/Tanzania-Economic-Update-Raising-the-Bar-Achieving-Tanzania-s-Development-Vision http://hdl.handle.net/10986/35204 |
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okr-10986-352042021-06-14T09:53:42Z Tanzania Economic Update, February 2021 : Raising the Bar - Achieving Tanzania’s Development Vision World Bank ECONOMIC GROWTH ECONOMIC OUTLOOK GROWTH DRIVERS FISCAL TRENDS MONETARY POLICY INCLUSIVE GROWTH SOCIAL MOBILITY HUMAN CAPITAL INVESTMENT MIDDLE CLASS POLICY PRIORITIES The emergency of the COVID-19 novel coronavirus plunged the global economy into a recession in 2020, and the pace of recovery remains uncertain both among advanced and emerging economies. Pandemic-related health restrictions and the adoption of precautionary behaviors by firms and consumers have greatly slowed economic activity, while uncertainty regarding the post-pandemic economic landscape and key policy decisions have discouraged investment. Agricultural and manufacturing firms face serious questions regarding the viability of global value chains, and the unforeseeable course of the pandemic weighs on international trade and tourism (World Bank 2021). Meanwhile, the disease itself continues to exact an enormous and mounting toll on human lives, and the disruption of education systems has slowed human capital accumulation, which could negatively impact the productivity of an entire generation. The global economy contracted by an estimated 4.3 percent in 2020, and while a 3.8 percent rebound is projected for 2021, worldwide economic output is expected to remain well below prepandemic trends over the near term. 2021-03-03T14:17:41Z 2021-03-03T14:17:41Z 2021-02-28 Report http://documents.worldbank.org/curated/en/803171614697018449/Tanzania-Economic-Update-Raising-the-Bar-Achieving-Tanzania-s-Development-Vision http://hdl.handle.net/10986/35204 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Africa Africa Eastern and Southern (AFE) Tanzania |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH ECONOMIC OUTLOOK GROWTH DRIVERS FISCAL TRENDS MONETARY POLICY INCLUSIVE GROWTH SOCIAL MOBILITY HUMAN CAPITAL INVESTMENT MIDDLE CLASS POLICY PRIORITIES |
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ECONOMIC GROWTH ECONOMIC OUTLOOK GROWTH DRIVERS FISCAL TRENDS MONETARY POLICY INCLUSIVE GROWTH SOCIAL MOBILITY HUMAN CAPITAL INVESTMENT MIDDLE CLASS POLICY PRIORITIES World Bank Tanzania Economic Update, February 2021 : Raising the Bar - Achieving Tanzania’s Development Vision |
| geographic_facet |
Africa Africa Eastern and Southern (AFE) Tanzania |
| description |
The emergency of the COVID-19 novel
coronavirus plunged the global economy into a recession in
2020, and the pace of recovery remains uncertain both among
advanced and emerging economies. Pandemic-related health
restrictions and the adoption of precautionary behaviors by
firms and consumers have greatly slowed economic activity,
while uncertainty regarding the post-pandemic economic
landscape and key policy decisions have discouraged
investment. Agricultural and manufacturing firms face
serious questions regarding the viability of global value
chains, and the unforeseeable course of the pandemic weighs
on international trade and tourism (World Bank 2021).
Meanwhile, the disease itself continues to exact an enormous
and mounting toll on human lives, and the disruption of
education systems has slowed human capital accumulation,
which could negatively impact the productivity of an entire
generation. The global economy contracted by an estimated
4.3 percent in 2020, and while a 3.8 percent rebound is
projected for 2021, worldwide economic output is expected to
remain well below prepandemic trends over the near term. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Tanzania Economic Update, February 2021 : Raising the Bar - Achieving Tanzania’s Development Vision |
| title_short |
Tanzania Economic Update, February 2021 : Raising the Bar - Achieving Tanzania’s Development Vision |
| title_full |
Tanzania Economic Update, February 2021 : Raising the Bar - Achieving Tanzania’s Development Vision |
| title_fullStr |
Tanzania Economic Update, February 2021 : Raising the Bar - Achieving Tanzania’s Development Vision |
| title_full_unstemmed |
Tanzania Economic Update, February 2021 : Raising the Bar - Achieving Tanzania’s Development Vision |
| title_sort |
tanzania economic update, february 2021 : raising the bar - achieving tanzania’s development vision |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/803171614697018449/Tanzania-Economic-Update-Raising-the-Bar-Achieving-Tanzania-s-Development-Vision http://hdl.handle.net/10986/35204 |
| _version_ |
1764482545429250048 |