By Lola Okulo Kenya’s economy could expand by six per cent this year, the World Bank has forecast, but sluggish transmission of lower oil prices locally could reduce anticipated growth to 5.6 per cent. In its Kenya Economic Update released yesterday, the lender revised the country’s growth outlook from an earlier projection of 4.7 per […]
Tag Archives: Cheaper
Despite a sharp decline in oil prices, the International Monetary Fund (IMF) in its latest economic outlook today lowered growth expectations for this year and the next for most countries due to slowdown in investment, and urged governments and central banks to pursue economic stimulation policies and structural reforms to boost growth. According to its […]
By Chris Arsenault Rome — After years of high prices, the cost of oil has fallen by around 20 percent in recent months, and some consumers are enjoying cheaper food as a result. International food prices have dropped to their lowest levels since August 2010, a U.N. agency announced on Thursday. Analysts believe falling energy […]
