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Originally published by The Standard Business
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May 7, 2026
3h ago

Treasury trims economic growth forecast to 5pc on Middle East conflict

Treasury trims economic growth forecast to 5pc on Middle East conflict

Kenya has cut the country’s economic growth forecast for 2026 to five per cent, citing the Middle East conflict that has driven up oil import costs and destabilised supply chains...

✨ Key Highlights

Kenya's National Treasury has lowered its economic growth forecast for 2026 to 5 percent, citing the ongoing Middle East conflict and its impact on oil prices and supply chains.

  • The projected growth rate has been reduced from previous estimates.
  • The National Treasury is the government body responsible for the revised forecast.
  • The Middle East conflict, specifically the US-Israel war and retaliatory attacks involving Iran, is identified as a major contributing factor.

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