Sluggish Kenyan economy hit by multiple negative factors
Economists and credit rating agencies paint a grim picture of the economy this year. TEA GRAPHIC
Kenya’s Monetary Policy Committee (MPC) met on May 29 to decide on an appropriate policy rate to address the ever increasing cost of living and cost of doing business as seen in rising inflation, declining private sector credit, surging public debt, shrinking revenue collection, increased campaign spending by politicians, falling corporate earnings and massive lay-offs.
Economists and credit rating agencies have used some of these economic indicators to paint a grim picture of the economy this year.
