C
Originally published by Capital Businessbusiness
June 11, 2026
2h ago
Govt cuts 2026 economic growth forecast to 5pc
Presenting the 2026/27 Budget in Parliament, Treasury Cabinet Secretary John Mbadi said higher energy prices triggered by the conflict involving Iran, Israel and the United States are expected to weigh on economic activity, particularly in fuel-dependent sectors such as transport..
✨ Key Highlights
The Kenyan government has lowered its 2026 economic growth forecast to 5 percent, down from 5.3 percent, due to the impact of the Middle East conflict on global energy markets and rising fuel costs.
- Revised 2026 economic growth forecast: 5 percent.
- Key entity: Kenyan government, presenting the 2026/27 Budget.
- Contributing factors: Rising fuel costs, increased annual inflation rate to 6.7 percent in May.
Continue Reading
Read the complete article from Capital Business
Advertisement
Related News
Advertisement