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Kenya’s economy grew at a faster pace than expected in the third quarter, but slower than in the previous five quarters as a drought reduced farm output and election season fears curbed investment and consumer spending.
Gross domestic product expanded 4.7% in the three months through September from a year earlier, compared with 5.2% in the previous quarter, the Kenya National Bureau of Statistics said in an emailed report on Friday. That was better than the median of five economists’ estimates in a Bloomberg survey for an expansion of 4%.
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