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Kenya’s economy to grow at a slower pace this year: IMF Rep

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Kenya’s economy to grow at a slower pace this year – IMF Rep

Kenya's economy to grow at a slower pace this year - IMF Rep*/

– NAIROBI Jan 16 Kenya’s economic growth rate will slow in 2017, from about 6 percent last year, due to sluggish credit growth and as investors take a wait-and-see attitude before a presidential election in August, a senior IMF official said on Monday.Armando Morales, the International Monetary Fund’s representative in Kenya, said growth is likely to remain within the 5-6 percent range of the past five years, despite the slowdown.”We expect a deceleration of growth for several reasons, but I think the most important reason we are considering is the potential impact of the interest rate cap on credit growth,” he told Reuters in an interview.
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Kenya’s economy to grow at a slower pace this year: IMF Rep

Kenya's economy to grow at a slower pace this year: IMF Rep*/

– Kenya’s economy to grow at a slower pace this year: IMF RepDate: January 16, 2017Kenya’s economic growth rate will slow in 2017, from about 6 percent last year, due to sluggish credit growth and as investors take a wait-and-see attitude before a presidential election in August, a senior IMF official said on Monday.Armando Morales, the International Monetary Fund’s representative in Kenya, said growth is likely to remain within the 5-6 percent range of the past five years, despite the slowdown.”We expect a deceleration of growth for several reasons, but I think the most important reason we are considering is the potential impact of the interest rate cap on credit growth,” he told Reuters in an interview.
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Russian economy to grow steadily in next 5 years, but has capacity for more – IMF — RT Business

Russian economy to grow steadily in next 5 years, but has capacity for more – IMF — RT Business*/

– Russia will see average GDP growth of 1.5 percent in the next five years, according to International Monetary Fund (IMF) Deputy Managing Director David Lipton.However, he told the Gaidar Economic Forum in Moscow the country should strive for faster growth.Read moreIn an interview with TASS news agency, Lipton confirmed October’s IMF forecast that predicts global growth of 3.8 percent by 2021, with the Russian economy to grow significantly slower at 1.5 percent.
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