WB predicts 4.9% growth for Kenya

The World Bank predicts that Kenya’s economic growth will remain moderate in the face of a flat global growth prospect. In its global economic prospects released last week, the World Bank forecasts that Kenya’s GDP will peak at 4.9 per cent this year, way below its peers in the sub-Saharan Africa region. The region is expected to grow at an average 6.1 per cent this year. The report notes that the main export products and tourism may take a hit from the Euro crisis and the general slow growth in the developed countries...