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. 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/

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

2. Services Sector
The Kenyan economy grew by 7.5% in the
second quarter of 2023, driven by strong
performance in the services and
agriculture sectors.
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/