{"id":4177,"date":"2019-07-29T10:22:06","date_gmt":"2019-07-29T07:22:06","guid":{"rendered":"https:\/\/africasustainabilitymatters.com\/?p=4177"},"modified":"2026-01-11T05:30:26","modified_gmt":"2026-01-11T05:30:26","slug":"prolonged-drought-pushes-down-kenya-growth-outlook-to-5-6pc","status":"publish","type":"post","link":"https:\/\/rayscohosting.best\/ASM\/2019\/07\/29\/prolonged-drought-pushes-down-kenya-growth-outlook-to-5-6pc\/","title":{"rendered":"Prolonged Drought Pushes Down Kenya Growth Outlook To 5.6pc"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong><em>By CONSTANT MUNDA<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">World\u2019s leading banks,\nconsultancies and think-tanks have marginally downgraded Kenya\u2019s growth\nprospects for 2019, largely citing the dampening impact of prolonged drought in\nthe first quarter of the year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A consensus growth\noutlook for August from 14 global firms projects that the country\u2019s economy is\nlikely to expand by 5.6 per cent, 0.2 percentage points lower than last month\u2019s\nforecast.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cGrowth is set to\nmoderate this year, with persistent drought conditions weighing on the\nagricultural and electricity supply sectors,\u201d researchers at FocusEconomics, a\nBarcelona-based economic forecast and analysis firm that compiles the global\nforecast data on sub-Saharan Africa, wrote in this month\u2019s report.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cMeanwhile, the\ninterest rate cap will likely continue constraining the activity of SMEs.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gross domestic product\n(GDP) in the January-March period slowed to 5.6 percent from 6.5 percent a year\nearlier, Kenya National Bureau of Statistics (KNBS) reported at the end of\nJune\u2026<a href=\"https:\/\/www.businessdailyafrica.com\/economy\/Prolonged-drought-pushes-down-Kenya-growth-outlook\/3946234-5213574-yq0dpwz\/index.html\">read\nmore&gt;&gt;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CONSTANT MUNDA World\u2019s leading banks, consultancies and think-tanks have marginally downgraded Kenya\u2019s growth prospects for 2019, largely citing the dampening impact of prolonged drought in the first quarter of&hellip;<\/p>\n","protected":false},"author":3,"featured_media":4178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pagelayer_contact_templates":[],"_pagelayer_content":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[101],"tags":[],"class_list":["post-4177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news"],"_links":{"self":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/4177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/comments?post=4177"}],"version-history":[{"count":0,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/4177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media\/4178"}],"wp:attachment":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media?parent=4177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/categories?post=4177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/tags?post=4177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}