This archive report was first published on 10 June 2020.
The COVID-19 pandemic has taken a toll on Tanzania's economy, with the World Bank predicting a significant decline in growth. On June 8, 2020, the bank stated that the country's economic growth would drop to 2.5 per cent in 2020, down from 6.9 per cent in the previous year.
The decline is attributed to several factors, including a decline in export demand, supply chain disruptions for domestic manufacturers, and weak domestic consumption. The tourism sector, which had been a key driver of economic growth, has also been severely impacted by international travel bans and caution against contracting the virus.
