Economic Update
IMF downgrades Kenya’s economic growth forecast
The International Monetary Fund apprised that it expects Kenya’s economy to grow at a much slower pace than previously projected and thus downgraded Kenya’s 2021 growth outlook to 5.6% from 7.6%. IMF attributes this downgrade to the latest rebasing exercise which it says lowered the capacity for the economy to realize the previously projected growth.
Interested in finding out more? Download the Economic Highlight here.
Download