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Rwanda to register slow growth in 2016

Rwanda to register slow growth in 2016

Rwanda

Rwanda should expect slow economic growth in 2016.

According to the country’s central bank, economic growth is likely to slow to 6.3 percent from an estimated 7 percent due to subdued growth in the agriculture, construction and services sectors.

“Agriculture has a big hand in that slight reduction from 7 percent to 6.3 percent,” said John Rwangombwa, the Governor of the country’s central bank.

Agriculture has a big hand in that slight reduction from 7 percent to 6.3 percent.

Agriculture remains one of the key drivers of the economy and its growth is expected to lower to 5.1 percent from 5.5 percent according to earlier estimates,whereas the services sector would grow by 7.1 percent.

The bank is optimistic that inflation will remain at the projected target range of 4.5 percent and 5.5 percent this year.

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