New market study, "Tanzania Business Forecast Report Q4 2014", has been published

From: Fast Market Research, Inc.
Published: Wed Oct 15 2014

Core Views

* We forecast real GDP growth of 7.0% in Tanzania in 2014, accelerating to 7.3% in 2015. Our 2014 forecast is a slight upwards revision from the 6.9% forecast we held last quarter, based largely on the fact that exports performed more strongly than we expected in the quarter ended June 30. The consumer will be the key driver of economic growth in the country, with purchasing power supported by contained inflation.
* Tanzania's current account deficit will continue to widen given the expected poor performance of key export gold, and the growth of imports as the economy expands. Investment inflows will be sufficient to maintain reserves and keep the balance of payments positive, though this surplus will narrow.
* We do not believe that the constitutional review process in Tanzania will be completed, as is planned, before the October 2015 presidential and parliamentary elections. The political will needed to bring this about appears to be lacking at present, with the constituent assembly (CA) still boycotted by the Union of People's Constitution (UKAWA). The delays to the process have resulted in policy uncertainty that is likely to delay some investment into the country's nascent offshore gas sector.

Full Report Details at

Major Forecast Changes

* Real GDP growth in 2014 has been revised up from 6.9% to 7.0%.

Key Risks To Outlook

* The major risk to our economic outlook comes from the weather. Poor rains would not only exacerbate tight food supplies (food price inflation was the major driver of rapidly rising headline inflation in 2011) but would also once again hamper hydroelectricity production, raising costs for businesses and, by extension, consumers.
* The country's infrastructure deficit is another concern; a failure to make significant progress would likely hold the economy back from reaching its significant potential.
* The uncertainty regarding the constitutional review process is jeopardising investment flows.
* A meaningful deterioration in Tanzania's...

The Tanzania Business Forecast Report helps businesses with market assessment, strategic planning and decision making to promote growth and profitability in The Tanzania and is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market..

An influential new analysis of The Tanzania's economic, political and financial prospects through end-2017, just published by award-winning forecasters, Business Monitor International (BMI).

Key Uses

* Forecast the pace and stability of The Tanzania's economic and industry growth through end-2017.
* Identify and evaluate adverse political and economic trends, to facilitate risk mitigation.

About Fast Market Research

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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