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Originally published by Nation Business
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business
October 23, 2024
11mo ago

IMF cuts Kenya’s 2025 GDP growth outlook to 5 per cent

IMF cuts Kenya’s 2025 GDP growth outlook to 5 per cent

The IMF has reduced Kenya's GDP growth forecast for 2025 to 5% due to financial challenges linked to anti-tax protests...

✨ Key Highlights

The International Monetary Fund (IMF) has reduced its forecast for Kenya's GDP growth in 2025 to 5 per cent due to anticipated financial challenges following recent anti-tax riots and the rejection of the Finance Bill, 2024.

  • GDP growth for 2025 revised down from 5.3 per cent to 5 per cent
  • IMF is the key organization involved in this economic outlook
  • Kenya's faster growth of 5.6 per cent last year was primarily attributed to favorable weather conditions benefiting the agricultural sector

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