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World Bank cuts Kenya growth forecast to 4.9pc, sees rebound in 2018

Published on December 07, 2017

The World Bank expects the Kenyan economy to rebound in 2018 as headwinds such as drought, slowing credit access and politics —  that hurt growth this year — subside.

The bank said on Thursday that it had cut back it's forecast of the country's growth this year to 4.9 per cent from an earlier estimate of 5.5 per cent.

It expects the east Africa's largest economy to rebound to a growth of 5.5 per cent next year before accelerating to 5.9 per cent in 2019. Read more. Source| East African