The World Bank has delivered a mixed economic scorecard on President William Ruto's administration.
In a new report on Kenya published Tuesday, the World Bank highlighted improvements in key macroeconomic indicators but raised concerns over persistent job scarcity for the youth and shortcomings in poverty reduction efforts.
The report, Beyond the Budget: Fiscal Policy for Growth and Jobs, noted that while macroeconomic indicators have shown improvement since 2024-including declining inflation, a stabilized exchange rate, and stronger international reserves-the overall pace of economic growth has slowed dealing a blow to job creation and poverty reduction efforts.
Kenya's real gross domestic product (GDP) is expected to pick up gradually in the medium term, with growth projected to increase from 4.5 per cent in 2025 to about 5.0 per cent in 2026-27.
