Kiharu Member of Parliament claims that Kenya's economy grew faster than that of the United States and China.
Speaking during a Parliamentary Session on the 2024 Budget Policy Statement, Ndindi Nyoro indicated that the country's GDP (gross domestic product) is predicted to rise, with numbers from global institutions such as the World Bank and IMF suggesting the margins.
The legislator, who also chairs the National Assembly's Budgets and Appropriations Committee, asserted that the GDP growth rate in the first, second, and third quarters of 2023 averaged 5.9%, higher than that of the United States and China.
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“Our economy in the year 2023 the first quarter of 2023, the GDP of Kenya grew by 5.5 %. In the second quarter of 2023, the GDP of Kenya grew by 5.5% and in the third quarter our economy, GDP grew by 5.9%,” he revealed.
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“We are still compiling the figures for the entire year, but it is projected that the Kenyan GDP in 2023 actually grew by 5.6% which makes Kenya the 28th fastest growing economy in the world.”He added
“The economy of Kenya in 2023 grew faster than the economy of China…in 2023, the Kenyan economy grew by many multiples actually than the economy of the United States of America.”
The congressman attributed the current regime's economic progress to good policies implemented by President William Ruto and MPs.
According to the MP, the current regime's legislation is responsible for massive economic growth.
“The economy grew not just by our standards as released by the Kenya National Bureau of Statistics but also the data released by international organizations and also Briton-owned organizations including IMF and World Bank,” he said.
"I want to thank this House for the good policies that we have put in place that are leading to accelerated economic growth in our country."
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