Kenya Growth Forecast Lowered Due to Floods, Protests

The video discusses the economic challenges faced by East African nations, particularly Kenya, since the COVID-19 pandemic. Kenya's economic growth outlook for 2024 has been reduced due to factors like floods, protests, and fiscal consolidation efforts. Despite some positive indicators like low inflation and currency appreciation, Kenya faces issues such as subdued private capital inflows, declining foreign direct investment, and a significant budget deficit. The World Bank suggests moderate growth expectations and highlights the need for structural reforms to address debt distress and unemployment.

What are the expectations for Kenya's economic growth in the coming years according to the World Bank?

What challenges does the World Bank identify that Kenya needs to address for economic growth?