Kenya central bank head sees 2018 economic growth at 6.2 pct

Posted by On 4:34 AM

Kenya central bank head sees 2018 economic growth at 6.2 pct

Reuters

NAIROBI, July 31 (Reuters) - Kenya's economy is likely to expand by 6.2 percent this year, the central bank's governor said on Tuesday, offering a rosier outlook than the Finance Ministry which expects growth of 5.8 percent.

The East African economy expanded by 5.7 percent in the first quarter as farming, which accounts for close to a third of output, recovered from a drought in the same period a year earlier. The economy expanded by 4.9 percent in 2017.

Patrick Njoroge, the governor, told a news conference the forecast was based on the economy's performance in the first quarter, a stronger agriculture sector and a jump in tourists' forward boo kings.


This article appears in: Politics , Stocks , World Markets , EconomySource: Google News Kenya | Netizen 24 Kenya

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