The Standard Chartered Bank Africa has said that Kenya is likely to suffer major economic shocks next year due to multiple complications.
Next year’s general election, recovering global fuel prices and a worsening current account will slow Kenya’s economic growth to 5 percent.
Head of Research for Africa Razia Khan says the capping of interest rates is further expected to compound a delicate growth.
With an average economic growth rate of 5 percent, the Kenyan economy has been an African economic growth star performer outshining both the global and African average growth.
From the National Treasury, the World Bank to the International Monetary Fund, each analyst has a different projection on the Kenyan economic growth going forward. But they all agree on one thing, this economic growth needs to be safeguarded.