IMF lowers Kenya economic growth prospects

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Kenyan Wall Street | by Wandiri Gitogo

Kenya’s rebound from the economic turmoil occasioned by global Covid-19 pandemic may take longer than earlier anticipated.

According to the International Monetary Fund (IMF) World Economic Outlook, October 2020 Kenya’s economic growth rate for 2021 was revised downwards to 4.7 percent from an earlier projection of 6.1 percent.

IMF cites a second wave of Covid-19 saying it will hamper a smooth economic recovery due to disruption of business activity…

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