Kenya has been ranked top three among top 20 fastest growing economies in the world in 2015 according to an economists surveyed by Bloomberg Business.
According to the survey, Kenya’s economic growth has been projected to grow 6 percent in 2015, surpassing that of Nigeria, Africa’s largest economy, which is projected to expand 4.9 percent this year.
The world is expected to grow 3.2 percent in 2015 and 3.7 percent next year with emerging markets in Asia and Africa on the lead.
Even though China’s economy is no longer expanding at the pace it did a few years ago, it continues to hold it down as the fastest-growing nation, followed by Philippines, Kenya, India and Nigeria respectively.
The United States and United Kingdom, which combined account for about a quarter of global growth, are expected to grow 3.1 per cent and 2.6 per cent this year, respectively.
Other countries on the list include Singapore, United Arab Emirates, Malaysia, Peru, Colombia, South Korea, Taiwan, Poland, Mexico, Turkey, Saudi Arabia, Ireland and Kazakhstan.