Kenya has emerged third in the top 20 fastest growing economies in the world
in 2015 according to economists surveyed by Bloomberg Business.
Kenya and Nigerian are the only African countries that have made it to the
list.
The survey indicates that Kenya will grow at 6 percent in 2015, even as it
grapples with unemployment and poverty challenges.
“ China, the Philippines, Kenya, India and Indonesia, which together make up
about 16 percent of global gross domestic product, are all forecast to grow
more than five percent in 2015,” the survey states.
Nigeria, Africa’s largest economy comes in sixth position and is projected to
expand 4.9 percent this year.
Having grown at 7.3 percent in the fourth quarter of 2014, China still remains
the fastest growing nation.
The Asian nation is expected to however slow its growth to seven percent in
2015.
Other countries on the list include Singapore, United Arab Emirates, Malaysia,
Peru, Colombia, South Korea, Taiwan, Poland, Mexico, and Turkey among others.
The survey indicates that the world is expected to grow 3.2 percent in 2015
and 3.7 percent next year after expanding 3.3 percent in each of the past two
years.
United States and United Kingdom; which combined account for about a quarter
of global growth, are expected to grow 3.1 percent and 2.6 percent this year,
respectively.
“The euro area probably will expand just 1.2 percent as European Central Bank
President Mario Draghi deals with a fragile Greece and embarks on a bond-
purchase program to stimulate the region’s growth,” the survey indicates.