East Africa economies set for rough ride this year
Across East Africa, governments are grappling with widening fiscal deficits, weakening currencies, rising inflation, runaway public debt and tightening of lending to the private sector. TEA GRAPHIC | NATION MEDIA GROUP
The “below par” performance by East Africa’s economies in 2016 is expected to carry over to this year, although prospects remain broadly positive, a recent assessment by Citi Research notes.
A crisis of confidence triggered by elections in the past two years has already taken its toll of the big three economies, Citi analysts note.
