The global economy has encountered a slowdown in growth and capital flows in the last few years. The global downturn has in part been a product of lower than expected growth from some of the leading economies, mainly China and the European Union, geopolitical friction, trade disputes, disruptive weather patterns and a declining demand for commodities. Within the region, the last four years have also witnessed a change of Government in Tanzania followed by many policy reforms, and other developments in Eastern and Southern Africa regional cooperation that have affected trade, investment and the conduct of business in the country. The Business Climate Survey for Nordic Companies in Tanzania 2019 captures the business sentiment among Nordic firms during this period to reflect the effect that these are having on their investment and business decisions.
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