2023 growth on track to surpass 5 percent, says central bank

Tutuba

Bank of Tanzania governor Emmanuel Tutuba. PHOTO | FILE

What you need to know:

  • The bank’s Monetary Policy Committee (MPC), which met on Monday, says in a statement that the global economic outlook has been relatively weak for most of 2023, largely due to geopolitical tensions, tighter financial conditions and high energy prices, but Tanzania’s key economic indicators are favourable for the second half of the year