Kenya GDP may slow as elections approach.


Kenya holds presidential elections in December 2007, and according to a Pan-Africa News Agency (Panapress) story-via Business in Africa (Rivonia SA) February 6, 2007-the political atmosphere is going to be "stormy," and to an extent that would harm the Kenyan economy.

The story quotes the Kenyan Finance Minister to the effect that Kenya has been doing well lately, a comment paired with the minister's announcement that Kenya's economy grew 6.0 percent in 2006. The International Monetary Fund's (IMF) 2006 estimate of Kenya GDP growth is significantly different, at 5.4 percent. And Panapress itself casts a jaundiced eye on the Minister's remarks, saying the remarks, "Could be perceived as a political gimmick to woo votes."

If history is any guide, says...

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