World Bank indicates that Kenyan economy to grow by 4.7%

The World Bank has projected that the Kenyan economy will grow by a modest 4.7% in 2014 a downward revision of the country's economic forecast by the government which had put its projection at 5.8%. The World Bank says the Kenyan economy grew by 2.7% percent in the first quarters and that the 4.7% projection would be possible only if a stable macroeconomic environment is maintained going forward. the also noted that addressing the pressures emerging from fiscal expansion that have resulted in a huge public wage bill as well as devolution cost must be the governments priority with a key recommendation being investing in primary health care as the most cost-effective way to improve Kenya's health outcomes. Watch KTN Live http://www.ktnkenya.tv/live Follow us on http://www.twitter.com/ktnkenya Like us on http://www.facebook.com/ktnkenya