Africa’s GDP is expected to grow 3.3% this quarter to $12.5 trillion, compared with the forecast of 3.2% in the same period last year.
The forecast is based on a survey conducted by the Economic Research Institute of Kenya (ERIK) that shows growth is expected in the fourth quarter, which starts July 1, 2018.
Kenya’s GDP growth will be about 5.2%.
The economy is expected have increased by 3% in 2016, which was the third straight quarter of expansion.
The previous three quarters saw a decline in growth.
The country’s economic growth slowed in 2017 and 2018, before picking up again in 2019 and 2020.
The government is trying to get its growth rate up to 7% this time, with the aim of getting the country out of recession and into full-fledged recovery by 2020.
The economic downturn began in March 2018, when the country’s banking sector was shut down due to the global financial crisis.
It was a major blow to the country.