IMF predicts upward revision of Kenya’s GDP


Kenyan Wall Street | by Eunniah Mbabazi

The International Monetary Fund (IMF) has foreseen a surprise upward revision of Kenya’s Gross Domestic Product (GDP), conflicting IMF’s June projection of a 0.3% shrinkage in 2020 after the global Covid-19 pandemic it the country’s vital industries.

Several economic indicators have supported IMF’s change in outlook, including a rebound in tourism activities as well as the vibrant flower market…

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