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World Bank contradicts Tanzania's growth estimates

Tanzania’s economy expanded 5.2 per cent in 2018, the World Bank said on Thursday, the second major report this year from a multilateral financial institution contradicting rosier government figures.

In a report, the World Bank, which makes its calculations based on state data, also forecast 2019 growth at 5.4 per cent - again lower than the government’s estimate of 7.1 per cent.

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