Kenya's economy is not all doom and gloom, after all. According to the International Monetary Fund (IMF), the country's growth prospects and debt/gross domestic product (GDP) ratio are within acceptable levels.
IMF further asserts that Kenya's current and projected growth prospects are better than those of her peers in the sub-Saharan African region.
The Bretton Woods institution has tipped sub-Saharan Africa's economy to expand at 4.5 per cent in 2015. The institution has since downgraded Kenya's GDP growth for 2015 from 6.9 per cent to 6.5 per cent.
Speaking during the launch of the Regional Economic Outlook for sub-Saharan Africa, Kenya's IMF Resident Representative Armando Morales, downplayed fears that the country's debt-to-GDP ratio was spiraling out of control. Read more. Source | Standard Digital