How Kenya reclaimed East Africa’s largest economy title as Ethiopia’s Birr devaluation shrunk GDP
Originally published by People Daily — Read the original article →
Kenya has reclaimed its position as East Africa’s largest economy after Ethiopia’s currency devaluation sharply reduced the dollar value of its gross domestic product (GDP), ending five years of regional economic dominance by its neighbour. According to International Monetary Fund (IMF) figures cited in their report, Kenya’s GDP rose 13.7 per cent to $135.92 billion […]