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Kenya to review growth target after rebasing

Kenya to review growth target after rebasing
National Treasury Cabinet Secretary Henry Rotich.

Kenya will review its economic growth target for this year after it recalculated the size of the economy, a move that led to a jump in annual growth rates, the Central Bank of Kenya’s (CBK) governor said Monday.

Government officials put 2013’s Gross Domestic Product (GDP) at $53.4 billion, 25 per cent higher than previously stated, after updating the base year for its calculation.

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