Kenya’s economy grows by 4.9 per cent in first quarter

Data from Kenya National Bureau of Statistics (KNBS) indicates that Kenya’s Gross Domestic Product (GDP) grew by 4.9 per cent in the first quarter of 2015, a marginal 4 per cent increase from the 4.7 growth recorded over a similar period last year with inflation easing downwards 5.8 per cent compared to 6.8 per cent. The Government’s statistics body, however, states that even as the country’s economy experienced relative stability over the first quarter of 2015, the shilling depreciated by 6 per cent against the US dollar, an issue that continues to be of concern to traders.
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