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Kenya’s Economy Grows 7.5% In Q2 2023, Driven By Strong Performance In Services

The Kenyan economy grew by 7.5% in the second quarter of 2023, driven by strong performance in the services and agriculture sectors. This was the fastest quarterly growth rate since the first quarter of 2020. The Kenyan economy is expected to continue to grow in 2023, with full-year growth projected to be 6.5%. The growth is expected to be driven by continued strong performance in the services and agriculture sectors.<br>For more details kindly visit here https://shazmeer-jiwan.com/kenyas-economy-grows-7-5-in-q2-2023-driven-by-strong-performance-in-services-and-agriculture/<br>

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Kenya’s Economy Grows 7.5% In Q2 2023, Driven By Strong Performance In Services

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  1. Kenya’s Economy Grows 7.5% In Q2 2023, Driven By Strong Performance In Services And Agriculture

  2. The Kenyan economy grew by 7.5% in the second quarter of 2023, driven by strong performance in the services and agriculture sectors. Services Sector The services sector grew by 10.2% in the second quarter of 2023, driven by strong growth in the financial, telecommunications, and tourism sectors. The financial sector grew by 12.3%, the telecommunications sector grew by 11.5%, and the tourism sector grew by 20.1%.

  3. Agriculture Sector The agriculture sector grew by 3.2% in the second quarter of 2023, driven by increased production of tea, coffee, and horticulture. Tea production grew by 5.6%, coffee production grew by 4.2%, and horticulture production grew by 6.1%.

  4. Factors Driving Growth The strong economic growth in the second quarter of 2023 was driven by a number of factors, including: The easing of COVID-19 restrictions Increased government spending Outlook The Kenyan economy is expected to continue to grow in 2023, with full-year growth projected to be 6.5%.

  5. For more details kindly visit here https://shazmeer-jiwan.com/kenyas-economy-grows-7-5-in-q2-2023- driven-by-strong-performance-in-services-and-agriculture/

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