Standard Chartered predicts Kenya's economy will grow by 5.3% in 2025, despite facing high debt levels.
Standard Chartered predicts Kenya will lead in resilience and innovation in 2025, despite a global economic slowdown. The Kenyan economy is expected to grow by 5.3%, driven by innovation and investment. However, the country faces significant fiscal challenges, including a high debt-to-GDP ratio of 72.4% and risks of debt distress. The International Monetary Fund's program ends in April, and the Institute of Public Finance urges the government to curb spending and reduce borrowing to address fiscal risks.
2 months ago
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