Nation.africa

IMF Cuts Kenyas GDP Growth Outlook to 5% Amid Financial Uncertainty Concerns

IMF Cuts Kenyas GDP Growth Outlook to 5% Amid Financial Uncertainty Concerns

The International Monetary Fund (IMF) has reduced its GDP growth forecast for Kenya to 5% for 2025 due to potential financial challenges. The IMF's revised outlook reflects concerns about the country's economic stability and resilience in the face of uncertain external factors.

The International Monetary Fund (IMF) has revised its GDP growth forecast for Kenya down to 5% for the year 2025, citing potential financial challenges that may arise from various factors. This change is likely influenced by ongoing economic headwinds and geopolitical tensions in the region. The reduced growth outlook may have implications for Kenya's ability to meet its fiscal targets and implement development projects, potentially affecting investor confidence and the overall economy.

cuts kenyas growth outlook cent
Share this article:
Comments Read Summary

Related Articles

Tinubu Unveils Livestock Sector Plan to Curb Farmer-Herder Clashes in Nigeria

Tinubu Unveils Livestock Sector Plan to Curb Farmer-Herder Clashes in Nigeria

Nigerian President Bola Tinubu has announced plans to reform the livestock sector with investment to address farmer-herder clashes, committing his administration to finding a solution to the long-standing crisis. The move aims to curb violence in the region and promote peace.

The Punch
Labour Party denies alleged collusion with Tinubu, APC over 2027 election bid.

Labour Party denies alleged collusion with Tinubu, APC over 2027 election bid.

The Labour Party denies allegations of collusion with President Bola Tinubu and the APC to support his 2027 re-election bid, rejecting claims as "baseless".

The Punch
FG Closely Monitors Trial of Nigerian Leader Simon Ekpa in Finland Court.

FG Closely Monitors Trial of Nigerian Leader Simon Ekpa in Finland Court.

The Federal Government is closely monitoring the trial of Nigerian-Finnish citizen Simon Ekpa in Finland, who is accused of promoting separatism for the Indigenous People of Biafra group.

The Punch