Tanzania: Economy experiences 6.9% growth in 2012

This, therefore, makes it hard for the trickle-down effect to be easily felt.

“That the economy is growing is an open secret, but it will take time before that growth starts to positively affect a majority of the country’s population,” said Prof. Humphrey Moshi of the University of Dar es Salaam.

This, he said, was because to yield meaningful gains, the growth is supposed to be above 8 percent continuously for a number of years.

That growth should also be stronger in sectors that employ huge numbers of the country’s population such as agriculture.

Source: The Citizen

Pages: 1 2