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Oct 6 2023
Kenya’s Economy Grows 5.4% in Q2 Despite Drop in Six Key Sectors

Photo courtesy: The Star

The economy grew by 5.4 per cent in the second quarter of 2023 compared to 5.2 per cent growth in the corresponding quarter of 2022, according to latest official data. 

This is despite only agriculture surpassing last year's performance, as] six other key sub-sectors remaining subdued.

Kenya National Bureau of Statistics–Quarterly Gross Domestic Product Report, released on Thursday indicates agriculture, forestry, and fishing sector grew by 7.7 per cent, a notable improvement from the 2.4 per cent contraction reported in the same quarter of 2022.

The performance was primarily on account of favorable weather, which resulted to increased agricultural production.

This growth was particularly evident in tea, coffee, vegetables, fruits, and milk production.

 

Read More: https://www.the-star.co.ke/business/kenya/2023-10-05-kenyas-economy-grows-54-in-q2-despite-drop-in-six-key-sectors/

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