The International Monetary Fund (IMF) has lowered its gross domestic product (GDP) growth forecast for Kenya for 2025 to five per cent in light of the possible financial challenges occasioned by the anti-tax riots that led to the rejection of the Finance Bill, 2024.
In April, the IMF had projected the country’s real GDP to grow 5.3 per cent, on the back of the easing in consumer prices and declining interest rates, which were to be supported by increased State spending.
