Kenya’s economy faces headwinds as World Bank cuts growth forecast

World Bank senior economist John Randa delivers a speech during the launch of Kenya economic update edition at a Nairobi Hotel. PHOTO DAVID NJAAGA/STANDARD

NAIROBI: The World Bank has issued four warning shots to Kenya’s economic managers that point to a struggling economy.

In a strongly-worded report titled ‘Storm Clouds Gathering’, the bank warns against the country’s current unsustainable infrastructural spending, which it says presents potential risk to growth.