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Article: Kenya's economy up 3.9 percent in first quarter
- Article from:
- Xinhua News Agency
- Article date:
- July 2, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Kenya's economy up 3.9 percent in first quarter
NAIROBI, July 2 (Xinhua) -- Kenya's economy is estimated to surge
3.9 percent in the first quarter of 2009, compared with a
contraction of 0.6 percent for the same period of last year, the
government said on Thursday.
A statement from the Kenya National Statistics Bureau said the
improved GDP growth was a signal of rebound of economic activities
which remained subdued throughout 2008 on account of several factors
resulting to a low base for the current quarter.
"The growth in real GDP in the first quarter is primarily a
culmination of rebound of activities in wholesale and retail trade,
transport and communications, construction, and hotels ...