This has been attributed to the rising cost of living largely driven by high cost of energy, food and a weak shilling. But all is not gloom for the economy next year.
The World Bank predicts that the economy will grow by 4.3 per cent this year, down from earlier predictions because of what experts have explained as prevalence of economic shocks.
However, next year is expected to have better performance with an estimated growth rate of five per cent if inflation and exchange rates are contained.
Senior economist Jane Kiringai said Kenya needs to urgently rein-in inflation and suppress growth in debtClick on the Link to Read Full Article
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