Agriculture sector contracted for third straight quarter Second quarter GDP grew 5.2%; median estimate was 5%
Kenya’s economic growth slowed for a fourth straight quarter as its worst drought in at least 40 years and pre-election jitters weighed on output.
Also read: Kenyan couple touring 7 continents on motorcycles
Gross domestic product increased by 5.2% from a year earlier in the second quarter, down from a 6.8% gain in the previous three months, the Kenya National Bureau of Statistics said in an emailed statement Tuesday. That’s the slowest pace of expansion since the first quarter of last year, when restrictions to contain the coronavirus pandemic weighed on the economy. The median of four economists’ estimates in a Bloomberg survey was for growth of 5%.
Source:
Bloomberg
