Growth Outlook Of Kenya Cut By World Bank Over Credit, Spending

07 December 2017, 22:34 UTC

The World Bank lowered its economic growth forecasts for Kenya as delays in spending cuts, weak credit extension and political uncertainty curb expansion prospects. East Africa rsquo;s biggest economy may grow 4.9 percent this year, the slowest pace since 2011, the Washington-based lender said in a report released Thursday. That compares ...

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