true...that gap is equivalent to the GDP of Honduras...so tz+ honduras ndio inafikia kenya😀😀😀
LDC ni LDC tu[emoji848][emoji848][emoji848] Keeping in mind their inferiority complex pushed them to cook data. Lets wait for the 2018 data to come Out. [emoji1787][emoji1787][emoji1787][emoji1787][emoji1787][emoji1787]
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Thats Not a problem,Now Recalculate Kenya's GDP using the FACTUAL dollar rate which is according to IMF 117.5 per $ that gives $61bn GDP.
I wount discuss the effect of currency on GDP with you, its pointless you simply dont know.
IMF is Factual, 2018 GDP will be calculated on prevailing exchange rate of 100 per $ same way china's GDP is calculated on prevailing Yuan rate. But ofcourse, IMF nows the chinese tricks and they formulate their policy with these distortions in mind.
That is why IMF made it a policy to degrade kenya's Credit Rating..
KENYA CHINA et al are soverign countries and can post GDP the way they want and IMF will gladly take the data, however they issue disclaimers such as these for markets to be aware of fraud and manupulation
Kenya GDP 2018- $ 85bln
Tanzania GDP- $ 55bln
Gap- $ 30bln
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Hahaha! 😀 Have mercy on that kiriminoo, you don't want the blame to be on you once he finally decides to hug a tramsformer because of Kenya. Do you?Now you're doing exactly what you're accusing those 'pseudo scientists' of doing. King of double standards.
Why don't you learn from your idol David Ndii and wait for the factual and final data from IMF, World Bank and the rest.
Mr. Know it all.
IMF is not a global police force that tells countries what to do. Any country can post data according to their calculations and IMF will not come with a big stick and cane them for cheating.Now you're doing exactly what you're accusing those 'pseudo scientists' of doing. King of double standards.
Why don't you learn from your idol David Ndii and wait for the factual and final data from IMF, World Bank and the rest.
Mr. Know it all.
IMF is not a global police force that tells countries what to do. Any country can post data according to their calculations and IMF will not come with a big stick and cane them for cheating.
What they do is they asses the extent of the distortion and impliment policy to rebalance the world monetary system..You may cheat on Currency or GDP but IMF raises your intrest rates for WB loans/ eurobond market intrest rates. Meaning that your cheating will be re balanced by high intrest on foreign currency loans.
That is the work of bretton woods institutions. Stablising Currencies and bond markets
No, IMF does not recalculate GDP on behalf of countries, they take data from Gvts as it is. They only give best practices to finance ministries for data collection, GDP calcuations and if they find distortions they communicate and ask for corrections. The Country is free to impliment the corrections or do as Jubilee does, brush them aside.After they 're-balance', they publish what they believe is the true GDP.
It is not the work of pseudo-scientist Mkikuyu- Akili timamu to calculate the GDP. So I don't know why you are pretending to do so.
And IMF has been computing GDPs for decades. And the trend is clear. The gap between Kenya and TZ is expanding.
Every year, IMF releases thousands of documents and reports. Some negative, some positive. The culmination of all those reports will be an annual GDP report.
You can't read 2 pages of a 1000 page book and pretend to know how the book will end.
Sit down like your idol David Ndii, and wait for the final figures. I don't know what you are worried about.
An example..How did IMF arrive at a certain bracket of intrest rates for kenya while Both Currency and GDP remain same in their Database?After they 're-balance', they publish what they believe is the true GDP.
It is not the work of pseudo-scientist Mkikuyu- Akili timamu to calculate the GDP. So I don't know why you are pretending to do so.
And IMF has been computing GDPs for decades. And the trend is clear. The gap between Kenya and TZ is expanding.
Every year, IMF releases thousands of documents and reports. Some negative, some positive. The culmination of all those reports will be an annual GDP report.
You can't read 2 pages of a 1000 page book and pretend to know how the book will end.
Sit down like your idol David Ndii, and wait for the final figures. I don't know what you are worried about.
No, IMF does not recalculate GDP on behalf of countries, they take data from Gvts as it is. They only give best practices to finance ministries for data collection, GDP calcuations and if they find distortions they communicate and ask for corrections. The Country is free to impliment the corrections or do as Jubilee does, brush them aside.
Ofcourse you wount escape with cheating, IMF will rebalance using policy such as withdrawing ForeX insuarance and Raised intrest rates..
For Example, If you want to know if Tanzania is Cheating on Data..Look at the policy actions that IMF have done specificaly for Tz..
As I said, IMF in Not a Police force..You are allowed to cheat and post $1000bn GDP..but there are consequencies
What did you learn in school? and University? I may be debating with a diploma in computer and that possibly explains your natural ignorance of What elementaly things IMF does and does not Do. That is why we cant agree, we are separated by a mountain of knowledgeYou're not just a pseudo-scientist, you're also a keyboard analyst.
Using big words to twist your understanding of IMF reports, so that it fits into your narrative.
If you knew anything about the GDP, you would know it is a reflection of the economy. Tables and numbers on a piece of paper actually translate to real life things.
Every evidence that has been produced here, from spending power to extreme poverty to middle class numbers to government revenue, shows that Kenya has an economy almost double yours.
But here you are everyday trying to argue that Tanzania is very close to Kenya.
Twisting seasonal reports by IMF for your benefit will not save you.
The fact that Kenya has a foreign exchange reserve of $8.7 billion while Tanzania has a foreign exchange reserve of $4 billion should tell you two things.
1. Kenya has a better ability of cushioning its currency. Preventing the Shilling from major abrupt fluctuations.
2. Tanzania is twice as poor as Kenya.
You cant imagine I gave the warning of KES being over valued even before IMF Confirmed it! That is what separates me and you..I am knowledgable..Kuna 'mtaalamu' flani hapa alipeana ushauri wa bure hivi majuzi kwamba wanabiashara wasikubali kutumia KES kwasababu eti itaporomoka hivi karibuni. 🙄🙄🙄 Ndio huyu namuona hapa juu, bado anapeana ushauri wa bure. [emoji1]
Sema wallahi! Pole yake kwa mbumbumbu yeyote yule aliyefata ushauri wako wa bure.You cant imagine I gave the warning of KES being over valued even before IMF Confirmed it! That is what separates me and you..I am knowledgable..
And Guess what, IMF rebalancing is now under way through intrest rates
What did you learn in school? and University? I may be debating with a diploma in computer and that possibly explains your natural ignorance of What elementaly things IMF does and does not Do. That is why we cant agree, we are separated by a mountain of knowledge
Ndii is a great intellectual but he is usually very biased . He is a big critic of the Jubilee Govt just like me, but i find him too -ve. He cannot be classified as a neutral Economist.You should know the author of the Article..Aly Khan Sachu who is a market speculator not a professional neutral economist. He is asserting that in his own words "the 17.5% assertion by IMF is Alarmist and Not Factual"
Now, we are talking about IMF. If IMF data is not factual what else is? should we now be following psedo scientists? IMF/WB are very factual institutions, and when they make mistakes they Quickly own up e.g the False "ease of doing business" data..
WB estimates kenya GDP to be $74bn, now is that also NOT factual?
Economics is a science, you dont cherry pick what you want -Its not witchcraft.
You will notice serious economists like Ndii use IMF/ WB data to respond to economic questions not their own personal opinions
True..Economics is not for everyone, Just like Medicine or Engineering is not for everyone. Unfortunately everyone including very unlearned people comment on economic issues.Write your reply...
economy is not for everyone..
Forget about currency exchange which replies on US interest rate policy, what matter is an inflation where someone can predict the future if you've steady inflation rate. Last time I check Tanzania we where not doing so bad.Crap. This thing doesn't need a special author to justify it. Kenya's currency is getting stronger and its becoming unfavorable for investors from Kenya in Tz. Sasa unajaribu ku justify kitu kila mtu anajua.[emoji53][emoji53][emoji53][emoji53][emoji53]
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