Economy to grow by 6 per cent, says Moody's -
http://www.nation.co.ke/.../-/16rc4az/-/index.html
Quote:Kenya's economic growth will be range-bound at 5 to 6 per cent in the period between 2013 to 2015, the global credit rating agency Moody's said on Friday.
Moody's which assigned Kenya a B1 sovereign rating in November 2012 said the country's growth outlook will be constrained by a weak public sector balance sheet.
"We expect growth to increase marginally to 5-6 per cent in 2013-15, boosted by elevated levels of investment," Moody's said in its June 14, 2013 report. Kenya's economy last year rose 4.7 per cent.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!