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DAR ES SALAAM Under Armour Shoes Clearance , March 19 (Xinhua) -- The International Monetary Fund (IMF) said on Thursday that the size of Tanzania's economy is much bigger than earlier thought.


The revised national accounts, which incorporate recent surveys and methodological improvements, suggest that the size of Tanzania' s economy is about 30 percent bigger than earlier thought, said the IMF in a statement released at the end of a two- week visit to Tanzania by an IMF mission.


"Recent macroeconomic developments have continued to be favorable. Growth is estimated to have been slightly over 7 percent in 2014, while inflation has dropped below the authorities' target of 5 percent," said the statement.


The nominal exchange rate against the U.S. dollar has depreciated Under Armour Mens Shoes For Sale , mainly reflecting the U.S. dollar strengthening relative to most other currencies, it said, adding that the gradual depreciation contributes to maintaining the competitiveness of Tanzania's exports and benefits farmers and other exporters.


The statement said the recent decline in international oil prices has contained the impact of the exchange rate depreciation on import costs.


"The recent international oil price decline will provide a boost to the economy in 2015 and help contain inflation," it said.


The IMF mission visited Tanzania from March 5 to 19 and initiated the second review under the Policy Support Instrument (PSI) program that was approved on July 16, 2014.


CHINA will take action to defend its interests if the United States damages trade ties, the Ministry of Commerce said yesterday. The announcement came after US President Donald Trump authorized an inquiry into China’s trade practices.


US Trade Representative Robert Lighthizer will have a year to look into whether to launch a formal investigation of China’s policies on intellectual property Under Armour Womens Shoes For Sale , which the White House and US industry groups claim “are harming US businesses and jobs.”


The US should respect objective facts, act prudently, abide by its World Trade Organization pledges, and not destroy principles of multilateralism, a spokesman for China’s Ministry of Commerce said in a statement.


“If the US side ignores the facts, and disrespects multilateral trade principles in taking actions that harm both sides’ trade interests Under Armour Scorpio Shoes For Sale , China will absolutely not sit by and watch, will inevitably adopt all appropriate measures, and resolutely safeguard China’s lawful rights.”


The ministry said the US should treasure the cooperation and favorable state of China-US trade relations, and warned that any US action to damage ties would “harm both sides trade relations and companies.”


China was continuously strengthening its administrative and judicial protections for intellectual property, the ministry added. China repeatedly rebuffed attempts by previous US administrations to take action on its IP practices, and has insisted it rigorously protects intellectual property.