Tanzania Economic Update, July 2021 : Transforming Tourism - Toward a Sustainable, Resilient, and Inclusive Sector

The pandemic severely disrupted economic activity in Tanzania, and the World Bank’s latest firm-level data suggest that the situation had only modestly improved by the end of 2020. New data sources show that COVID-19 continues to weigh heavily on employment and income. Data for the first quarter of...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	ECONOMIC GROWTH MACROECONOMIC POLICY POVERTY ECONOMIC OUTLOOK RISKS TOURISM INVESTMENT CLIMATE BUSINESS ENVIRONMENT ECONOMIC RECOVERY DIVERSIFICATION COMPETITIVENESS RESILIENCE BLUE ECONOMY CORONAVIRUS COVID-19 PANDEMIC IMPACT
Online Access:	http://documents.worldbank.org/curated/en/794611627497650414/Transforming-Tourism-Toward-a-Sustainable-Resilient-and-Inclusive-Sector http://hdl.handle.net/10986/36048

id	okr-10986-36048
recordtype	oai_dc
spelling	okr-10986-360482021-08-05T05:10:34Z Tanzania Economic Update, July 2021 : Transforming Tourism - Toward a Sustainable, Resilient, and Inclusive Sector World Bank ECONOMIC GROWTH MACROECONOMIC POLICY POVERTY ECONOMIC OUTLOOK RISKS TOURISM INVESTMENT CLIMATE BUSINESS ENVIRONMENT ECONOMIC RECOVERY DIVERSIFICATION COMPETITIVENESS RESILIENCE BLUE ECONOMY CORONAVIRUS COVID-19 PANDEMIC IMPACT The pandemic severely disrupted economic activity in Tanzania, and the World Bank’s latest firm-level data suggest that the situation had only modestly improved by the end of 2020. New data sources show that COVID-19 continues to weigh heavily on employment and income. Data for the first quarter of 2021 suggest that recovery remains fragile and uneven across sectors, but economic activity could accelerate in the second half of 2021. The tourism-dependent economy of Zanzibar has been particularly impacted by the COVID-19 crisis. Tanzania’s macroeconomic framework remains sound, with low inflation and moderate external and fiscal vulnerabilities. 2021-08-04T16:25:29Z 2021-08-04T16:25:29Z 2021-07 Report http://documents.worldbank.org/curated/en/794611627497650414/Transforming-Tourism-Toward-a-Sustainable-Resilient-and-Inclusive-Sector http://hdl.handle.net/10986/36048 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
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH MACROECONOMIC POLICY POVERTY ECONOMIC OUTLOOK RISKS TOURISM INVESTMENT CLIMATE BUSINESS ENVIRONMENT ECONOMIC RECOVERY DIVERSIFICATION COMPETITIVENESS RESILIENCE BLUE ECONOMY CORONAVIRUS COVID-19 PANDEMIC IMPACT
spellingShingle	ECONOMIC GROWTH MACROECONOMIC POLICY POVERTY ECONOMIC OUTLOOK RISKS TOURISM INVESTMENT CLIMATE BUSINESS ENVIRONMENT ECONOMIC RECOVERY DIVERSIFICATION COMPETITIVENESS RESILIENCE BLUE ECONOMY CORONAVIRUS COVID-19 PANDEMIC IMPACT World Bank Tanzania Economic Update, July 2021 : Transforming Tourism - Toward a Sustainable, Resilient, and Inclusive Sector
geographic_facet	Africa Africa Eastern and Southern (AFE) Tanzania
description	The pandemic severely disrupted economic activity in Tanzania, and the World Bank’s latest firm-level data suggest that the situation had only modestly improved by the end of 2020. New data sources show that COVID-19 continues to weigh heavily on employment and income. Data for the first quarter of 2021 suggest that recovery remains fragile and uneven across sectors, but economic activity could accelerate in the second half of 2021. The tourism-dependent economy of Zanzibar has been particularly impacted by the COVID-19 crisis. Tanzania’s macroeconomic framework remains sound, with low inflation and moderate external and fiscal vulnerabilities.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Tanzania Economic Update, July 2021 : Transforming Tourism - Toward a Sustainable, Resilient, and Inclusive Sector
title_short	Tanzania Economic Update, July 2021 : Transforming Tourism - Toward a Sustainable, Resilient, and Inclusive Sector
title_full	Tanzania Economic Update, July 2021 : Transforming Tourism - Toward a Sustainable, Resilient, and Inclusive Sector
title_fullStr	Tanzania Economic Update, July 2021 : Transforming Tourism - Toward a Sustainable, Resilient, and Inclusive Sector
title_full_unstemmed	Tanzania Economic Update, July 2021 : Transforming Tourism - Toward a Sustainable, Resilient, and Inclusive Sector
title_sort	tanzania economic update, july 2021 : transforming tourism - toward a sustainable, resilient, and inclusive sector
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/794611627497650414/Transforming-Tourism-Toward-a-Sustainable-Resilient-and-Inclusive-Sector http://hdl.handle.net/10986/36048
_version_	1764484318261936128

Tanzania Economic Update, July 2021 : Transforming Tourism - Toward a Sustainable, Resilient, and Inclusive Sector

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