Tanzania Q1 GDP growth slows to 6.6pc y/y vs 7.5pc during same period last year

Usama Fayyaz July 28, 2019

DAR ES SALAAM: Tanzania’s gross domestic product grew 6.6pc year-on-year in the first quarter of 2019, compared with 7.5pc in the same period a year earlier, weighed by slower growth in the construction, agriculture and manufacturing sectors, data showed on Sunday.

The state-run National Bureau of Statistics said in a report the construction sector grew 13.2pc in January to March, compared with 15.6pc a year ago.

Construction is the biggest driver of GDP growth in East Africa’s third-largest economy.

Copyright Reuters, 2019

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