At least six multinational banks, consultancies and think-tanks have marginally downgraded Kenya’s economic growth outlook on the recent wave of violent anti-government protests.
Economists at Moody’s Analytics, Fitch Solutions, Standard Chartered Bank of London, Allianz of Germany, Fitch Ratings and Citigroup Global Markets, have trimmed growth projections by between 10 and 40 basis points, largely citing the impact of bloody social unrest on investment sentiment.
