IMF says Tanzania's economy to expand close to 7 pct in 2016

NAIROBI (Reuters) - The International Monetary Fund said on Wednesday it estimates Tanzania's economy expanded by 7 percent last year and forecast growth to be close to that again in 2016. The IMF said in a statement that inflation, which averaged 5.6 percent in 2015, was expected to "decrease further in the coming months, remaining close to the authorities' medium-term target of 5 percent." (Reporting by Drazen Jorgic; Editing by Hugh Lawson)