Global economists slash Kenya’s growth outlook on spending cuts

The skyline of Nairobi CBD on June 23, 2021. 

Photo credit: File| Nation Media Group

A group of analysts attached to multinational banks, consultancies, and think tanks have marginally downgraded Kenya’s economic growth outlook for 2025, citing concerns over inadequate rainfall, spending cuts in the public sector, and indirect hits from rising protectionist policies in global trade.

A consensus outlook from 14 firms, polled by Barcelona-based FocusEconomics, indicates the economy will likely expand 5 percent compared with a 5.1 percent projection last month.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.