Saturday, April 15, 2017

Kenyan Economy Strong But Projected to Dip in 2017

The World Bank issued a press release on 12 April 2017 titled "Kenya's Economic Outlook to Dip in 2017."

Kenya's GDP growth is now expected to decelerate to 5.5 percent in 2017, down from the 6 percent that was projected in 2016. Kenya had a solid GDP growth rate in 2016 of an estimated 5.9 percent. Kenya is experiencing, however, headwinds due to the ongoing drought and a slowdown in credit growth to the private sector.

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