00:00Kenya's economic growth is expected to slow this year, with the World Bank cutting its
00:05forecast to 4.3 percent, citing the global fallout from the U.S.-Israeli war with Iran.
00:12The bank warns that higher energy prices and disruption to shipping through the Strait
00:16of Hormuz are driving up production costs, weakening investment and squeezing household
00:21budgets.
00:22While strong agriculture harvests, lower interest rates and a stable currency are expected to
00:28cushion the economy, the World Bank says rising fuel prices could push up to 2.4
00:34million more Kenyans into poverty.
00:36Looking ahead, the bank also warns that political uncertainty ahead of Kenya's
00:412027 general election could delay investment, slow economic reforms and
00:46weaken business confidence.
00:48Despite the challenges, the World Bank recently approved $1.25 billion in financing to support
00:54Kenya's budget.
00:58funds價 кр recycling can lose 1 years U.S.
00:58And the guidance and consequences monetization would elect people.
Comments