Country Economic Forecasts - Kenya
The latest data releases reflect an ongoing economic recovery in Kenya. Real GDP growth has picked up, the country’s purchasing managers’ index remains in expansionary territory, and consumer price inflation remains subdued. The latter has allowed for further loosening in monetary policy, which, together with the expected scrapping (or at least amendment) of regulatory caps on interest rates, should support a recovery in credit growth.
The economy is expected to expand by 5.4% this year compared with a 4.9% growth rate in 2017.