Economists cut Kenya's 2017 growth projection

“Focus Economics panellists see the economy growing 5.8 per cent this year with next year seeing GDP growth decelerating slightly to 5.7 per cent, which is down 0.2 percentage points from last month’s projection,” stated the report in part.PHOTO: COURTESY

Economists have cut the growth projection for Kenya in 2017, citing the approaching general election and capping of interest rates.

The effects of amendments to the banking act passed two months ago capping interest rates have been cited as an additional factor that will impact negatively on the economy’s growth in 2017.