Home Business Slow public spending affecting Rwanda’s economy – World Bank
Slow public spending affecting Rwanda’s economy – World Bank
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Slow public spending affecting Rwanda’s economy – World Bank

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The World Bank says Rwanda may struggle to achieve the upper limit because of slowing public spending and the impact of drought on agricultural output.

The bank says while Rwanda’s economy is expected to grow at between four and six percent this year, the GDP growth is undercut by weak private sector investment and lower than expected returns from public and private investment.

In the first quarter of 2017, growth slowed by more than seven percent from last year, but the country forecasts almost seven percent growth for next year.

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