IMF predicts 5.3pc growth on poll jitters and drought

President Uhuru Kenyatta. PHOTO | SALATON NJAU | NMG

The International Monetary Fund (IMF) has forecast slower growth this year citing effects of drought, sluggish private sector credit growth and August General Election jitters.

The IMF expects the economy to expand by 5.3 per cent compared to 5.8 per cent last year.

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