Tanzania Sees Growth as Spending Spree Offsets Commodities

Updated on
  • Finance chief says expansion driven by ‘countercyclical’ steps
  • Government boosts spending to soften impact of commodity rout

Tanzania’s economy is on track this year to expand 7.2 percent -- among the fastest growth rates in the world -- as higher government spending helps blunt the impact of the commodity rout, Finance Minister Philip Mpango said.

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