Tanzania's economy suffers amid global plummet| MENAFN.COM

Monday, 26 September 2022 06:37 GMT

Tanzania's economy suffers amid global plummet


Tanzania performed poorly in almost all major sectors regardless to its USD5.5 billion worth of exports over 2015, and the aftermath of the great recession it witnesses from 2009; made things worse.

The level of poverty in the African nation is very high, and it has made little progress over the past two years towards reducing extreme hunger and malnutrition, thus largely escalating its problems.

Moreover, children in rural areas suffer substantially higher rates of malnutrition and chronic hunger, although urban-rural disparities have narrowed as regards both stunting and underweight.

However, the Tanzanian economy has actually expanded rapidly and steadily since the recession ended, which was mainly attributed to the strong tourism, telecommunications, and banking sectors.


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