"Global growth was weak in 2023 and is projected to persist in the first quarter of 2024, largely due to geo-political tensions, tightening monetary policy, and heightened economic uncertainties.
Domestic economy
"The performance of the economy was satisfactory in 2023. Growth in the third quarter was 5.3 percent, projected at around 5.4 percent in the fourth quarter.
"Therefore, there is a high likelihood of attaining the growth projection of 5 percent for 2023. The Zanzibar economy grew at 7 percent, and there is a high possibility of attaining a growth projection of 7.1 percent for;
