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Kenya Economy to Slow Down
Kenya Economy to Slow Down
  1. World Economy

Kenya Economy to Slow Down

  1. World Economy

Kenya Economy to Slow Down

Kenya’s economic growth is expected to slow down to between 5.4 and 5.7% in 2017 down from 6% in 2016, analysts said on Monday, Xinhua reported. Cytonn Chief Investments Officer Elizabeth Nkukuu told a media briefing in Nairobi that the slowdown will be largely due to the ongoing drought that will affect agricultural sector which accounts for about 20% of total gross domestic product. “We expect strong levels of GDP growth at between 5.4% and 5.7% in 2017, driven by government expenditure and the growth of key sectors such as construction, as Kenya benefits from its diversity in growth sectors,” Nkukuu said.

 

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