KENYA election shocker sparks FEARS over economy

FIVE THINGS TO KNOW ABOUT KENYA’S ECONOMY:

2. It’s growing fast –

The strong performance is a bright spot in the region, where many large economies have been slammed by low oil prices and geopolitical pressure.

3. But, the statistics are questionable –

Ashbourne [John, of Capital Economics] said the official growth estimates have become "suspiciously stable, in recent quarters" and "sometimes contradict" other data sources.

5. It has a lifeline from IMF –

The, Kenyan government, has secured a financial cushion from the world’s lender of last resort, the IMF.

… $1.5 billion standby loan, for use in an emergency.

02 * * | #FEARS:

03 * * * | #geopolitical pressure

04 * * * * | #KENYA: #official, #growth estimates, #“suspiciously stable, sometimes contradict"

06 * * * * * * | #Kenyan government, #IMF

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