World Bank revises Kenya’s 2017 economic growth to 4.9pc
10 days ago, 09:49
n its Economic Update on Kenya, the World Bank attributes the downward revision to drought that affected agricultural output and hydropower generation, a prolonged electioneering period and a slowdown of credit to the private sector.
The slump in economic activity in 2017 has however been mitigated by a resurgent of the tourism sector, strong public investment and relatively low oil prices.
Senior Economist at the Bank, Allen Dennis, sees the easing of the headwinds that have characterized 2017 should lead to a rebound in the mid-term.
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