Tanzania's economic growth slowed to 6.6% year-on-year in the first quarter...
DAR ES SALAAM - Tanzania’s economic growth slowed to 6.6% year-on-year in the first quarter of 2019 from 7.5% in the same period a year earlier, official data showed on Sunday, weighed down by softer construction, agriculture and manufacturing activity.
In the first quarter, construction, the biggest driver of GDP, grew 13.2%, compared with 15.6% a year ago, the state-run National Bureau of Statistics . Agriculture, which accounts for about a third of economic activity, also slowed in the first quarter of this year, with crop production growing 6.0% compared to 8.9% in the same period last year, the statistics bureau said.
Tanzania’s economy grew 7% last year, according to the government which has forecast 7.1% growth in 2019.
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