Expansion in Kenya’s economic activity is projected to slip below five percent this year on the back of prolonged dry weather, persistent inflationary pressure and rising borrowing costs, signalling a gloomy employment outlook for growing skilled youth.
A consensus growth forecast from 16 world-leading banks, consultancies and think tanks suggest gross domestic product (GDP) will average 4.8 percent in President William Ruto’s first full year in office compared with an estimated 5.3 percent expansion last year.
