Kenya’s economy is projected to slow down as much as 0.6 percentage points in 2024, largely suppressed by reduced cash circulation on weaker government spending on projects amid heightened economic uncertainties in the private sector.
The country’s gross domestic product (GDP) — a measure of all economic activities by the government, companies, and individuals — is forecast to grow at a slower pace of 5.0 percent compared with 5.6 percent in 2023.
