- Export tariffs, costly credit, and fiscal slippage weigh on economic outlook
- Private sector recovery expected in 2025 as rates ease and agriculture rebounds
Nairobi, Kenya – The World Bank has lowered Kenya’s economic growth forecast for 2025 to 4.5%, down from its earlier projection of 4.9% made in December 2024. The revised estimate, published in the latest Kenya Economic Update released Tuesday, reflects concerns over elevated interest rates, global uncertainty—including U.S. tariffs on exports—and domestic risks such as fiscal slippage and persistent social tensions.
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