Treasury revises downwards Kenya growth forecast over insecurity

Kenya: Kenya’s economy is expected to perform below expectations this year owing to insecurity in parts of the country. Also feeding into this sluggish growth narrative are low prices for tea and coffee in the international markets for most parts of this year.

This is according to the Budget Review and Outlook Paper (BROP), 2014. It is the second such document prepared in accordance with the Public Finance Management (PFM) Act, 2012 under the Jubilee Administration.