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Kenya Economic Update: Economic Growth Continues Despite Challenging Global Environment

Latest Issue: 
  • October 2016

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STORY HIGHLIGHTS
  • The new Kenya Economic Update shows the country¡¯s strong economic growth is expected to continue, with forecasts of 5.9% in 2016 and 6.1% by 2018
  • Despite global economic weaknesses, the report notes Kenya¡¯s growth has remained consistently solid, driven by investment and private consumption
  • The report the country ready itself for potential downside risks that could derail growth, and recommends improving the productivity of public investment to further accelerate growth potential

NAIROBI, October 31, 2016 ¡ª Kenya¡¯s overall economic performance has remained robust over the past eight years, and it is expected to continue into the medium term at a rate of 6% 2017, according to the latest economic update for the country.

The Kenya Economic Update (KEU): Beyond Resilience ¨C Increasing Public Investment Efficiency, says the country¡¯s positive forecast is driven by a vibrant services sector, enhanced construction, currency stability and low inflation, low fuel prices, a surge in remittances and a growing middle class characterized by rising incomes.

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