Tanzania’s Current Account Deficit To Widen On Growing Capital Goods Imports In 2024
Country Risk / Tanzania / Thu 29 Feb, 2024
Key View
- We forecast that Tanzania’s current account deficit will widen to 4.5% of GDP in 2024, from an estimated 4.1% in 2023.
- We expect that elevated investment in the construction sector will drive demand for imported capital goods, growing the trade deficit.
- That said, we expect that Tanzania’s total public debt and foreign reserves