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IMF slashes Kenya’s 2025 growth prospects to 5pc
A consensus forecast report based on feedback from economists drawn from 14 world’s leading banks, consultancies, and thinks projected a slowdown in Kenya’s economic growth in 2024 by as much as 0.6 percentage points.
The International Monetary Fund (IMF) has lowered its gross domestic product growth forecast for Kenya for 2025 to five percent in light of the possible financial challenges occasioned by the anti-tax riots that led to the rejection of the Finance Bill 2024.
In April, the IMF had projected the country’s real GDP to grow 5.3 percent, on the back of the easing in consumer prices and declining interest rates, which were to be supported by increased State spending.
