IMF welcomes Kenya’s new economic numbers

An upward revision of Kenya’s economic output shows that the country’s economic reforms are paying off, with the potential for future growth to exceed 6 per cent a year, an International Monetary Fund (IMF) official has said.

Kenya announced on Tuesday that last year’s Gross Domestic Product (GDP) was $53.4 billion - 25 per cent higher than previously stated - after updating the base year for its calculation. Growth for 2013 was revised up to 5.7 per cent from 4.7 per cent.