Kenya Economic Update, June 2011, Edition No. 4 [electronic resource] : Turning the Tide in Turbulent Times.
Material type: TextSeries: Economic Updates and Modeling | World Bank e-LibraryPublication details: Washington, D.C. : The World Bank, 2011Subject(s): Access to Markets | Affordable Housing | Agriculture | Business Environment | Cash Transfers | Commercial Banks | Consumers | Debt | Demographics | Developing Countries | Economic Conditions and Volatility | Economic Forecasting | Economic Growth | Economic Management | Economies of Scale | Exchange Rates | Expenditures | Exporters | External Shocks | Financial Crisis | Financial Sector | Fiscal Policy | Foreign Direct Investment | Fuel Prices | Gdp | Global Economy | Health, Nutrition and Population | Insurance | Interest Rates | Investment Climate | Labor Market | Life Expectancy | Macroeconomics and Economic Growth | Monetary Policy | Other Economic Management | Outsourcing | Per Capita Income | Poverty Strategy, analysis and Monitoring | Private Investment | Public Debt | Public Investment | Public Policy | Roads | Savings | Savings Rate | Social Development | Social Protection and Risk Management | Transport | Transport Costs | Uncertainty | Urban Development | Urban Economic Development | Urbanization | Vehicles | WagesOnline resources: Click here to access online Abstract: Over the last decade, Kenya's society and economy have changed fundamentally and these deep trends will continue. Rapid population growth and urbanization will create many new challenges which need to be managed well to support Kenya's economic take-off in the medium-term. This fourth edition of the Kenya economic update argues that Kenya can turn the tide in turbulent times and make the most of the ongoing structural shifts. In 2011, Kenya will need to address short-term domestic and international shocks, including higher inflation, pressures on the exchange rate and, most importantly, a volatile political environment. The government will need to navigate through these shocks successfully and to continue with its economic reform program to achieve higher growth. At the same time, the government will be making major strategic decisions in Kenya's decentralization architecture which will shape the medium-term development prospects of the country. Economic success is possible, as the 5.6 percent growth in 2010 has shown. If growth will accelerate to an average of 6 percent this decade, Kenya will achieve middle income country status by 2019.Over the last decade, Kenya's society and economy have changed fundamentally and these deep trends will continue. Rapid population growth and urbanization will create many new challenges which need to be managed well to support Kenya's economic take-off in the medium-term. This fourth edition of the Kenya economic update argues that Kenya can turn the tide in turbulent times and make the most of the ongoing structural shifts. In 2011, Kenya will need to address short-term domestic and international shocks, including higher inflation, pressures on the exchange rate and, most importantly, a volatile political environment. The government will need to navigate through these shocks successfully and to continue with its economic reform program to achieve higher growth. At the same time, the government will be making major strategic decisions in Kenya's decentralization architecture which will shape the medium-term development prospects of the country. Economic success is possible, as the 5.6 percent growth in 2010 has shown. If growth will accelerate to an average of 6 percent this decade, Kenya will achieve middle income country status by 2019.
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