Global economists cut Kenya’s growth on war, debt costs

View of the skyline of Nairobi, Kenya with Uhuru Park in the foreground.


Business Daily | by Constant Munda


Global economists have further trimmed Kenya’s growth outlook for 2022, largely citing reduced expenditure on infrastructure projects amid rising external debt costs and price pressures from Russian war on Ukraine.

A consensus growth outlook from 14 world-leading banks, consultancies and think tanks shows economic activity will likely expand 5.1 percent this year, a drop of 0.3 percentage points from 5.4 percent at the beginning of the year…

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