IMF keeps Kenyan growth forecast at 5%

Published Sep 25, 2012

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The International Monetary Fund expects the Kenyan economy to grow by at least 5 percent this year and in 2013, thanks to improving macroeconomic fundamentals, a senior fund official said on Tuesday.

“We believe with lower interest and inflation rates, macroeconomic stability and improved confidence, we think that 5 percent should be well within reach,” said Domenico Fanizza who led an IMF visiting mission to Kenya. - Reuters

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