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Browsing: Kenya’s economic growth
- Kenya’s economic growth will average 5.2% in 2023 and 2024, notwithstanding current global and domestic shocks
- The World Bank said the baseline assumes a robust growth of credit to the private sector, continued low COVID-19 infection rates and a near-term recovery in agricultural production
- The report also noted that the country’s economy continued to rebound from the pandemic in 2022, with the real gross domestic product (GDP) increasing by 6% year-on-year in the first half of 2022
A new report has revealed that Kenya’s economic growth will average 5.2% in 2023 and 2024, notwithstanding current global and domestic shocks.
In its latest finding on the East African nation, the World Bank said the baseline assumes a robust growth of credit to the private sector, continued low COVID-19 infection rates, a near-term recovery in agricultural production, and high commodity prices favourable to Kenyan exports.
“We expect these developments to catalyse private …
- The Kenyan economy will expand by 4.9 per cent in 2022, according to the NCBA Economic Outlook
- The figure is a 0.3 per cent drop from its initial 5.2 per cent forecast made in November 2021
- The downgrade is a consequence of several challenges being witnessed in Kenya
- Top of the challenges includes the negative spillover effects of the Russia-Ukraine crisis, an uncertain external landscape, and domestic election jitters
A new report has indicated that Kenya’s Gross Domestic Product (GDP) will expand by 4.9 per cent in 2022.
In its latest instalment, the NCBA Economic Outlook Report observed a 0.3 percentage point decline from its initial 5. (Alprazolam) 2 per cent forecast in November 2021.
According to the report, the downgrade of Kenya’s economic growth is a consequence of several challenges being witnessed in East Africa’s largest economy.
Top of the challenges includes the negative spillover effects of