World Bank cuts Kenya growth forecast to 4.9pc

[kilam]

THURSDAY DECEMBER 7 2017

The World Bank expects the Kenyan economy to rebound in 2018 as headwinds such as drought, slowing credit access and politics — that hurt growth this year — subside.

The bank said on Thursday that it had cut back it's forecast of the country's growth this year to 4.9 per cent from an earlier estimate of 5.5 per cent.

It expects the east Africa's largest economy to rebound to a growth of 5.5 per cent next year before accelerating to 5.9 per cent in 2019.

"We believe Kenya's economy can rebound and strengthen through specific measures that safeguard macroeconomic stability, enable the recovery of private sector credit growth, and mitigate the impact of future adverse weather conditions on the agri sector," said Diarietou Gaye, World Bank Country Director for Kenya.

The economy has witnessed shocks this year that forced the government and international monetary fund to scale down their growth projection.

A severe drought that started in the last quarter of 2016 and hurt agricultural production saw the World Bank scale down its forecast in April this year by half a percentage point to 5.5 per cent.

A graphical representation of the Kenya's growth slump in 2017. The World Bank expects the country's economy to rebound to a growth of 5.5 per cent next year before accelerating to 5.9 per cent in 2019. SOURCE & GRAPHIC | WORLD BANK, KNBS

World Bank cuts Kenya growth forecast to 4.9pc

 

[Emc2]

Nchi inapoelekea sehemu mbaya.

 

[eliakeem]

when the going gets bad/tough, the bad/tough gets going.
na madeni hayo sijui itakuwaje??
napita tu wazee wa mido income.

 

[1academ]

Hamna jipya hapa, juzi kati nikiwa lindo la usiku usikuu!

 

[eliakeem]

This is serious guys, from 5.5% to 4.9%. The attributed factors are drought, declining credit access and partly politics. the first one is out of an individual control (force majoure). However, for the mido pompous economy should handle this. No one could emagine if drought is also a problem for a country which have shifted from LCD to mido. Likewise the availability of credit could be managed. The politics are normally tough to handle. But the Bank see it as a short term huddle for the economic growth. I could conclusively say, the deliberate and serious measures are needed in place to arrest the situation. Otherwise the economic growth will be increasing/growing at decreasing rate.

 

[Geza Ulole]

This is serious guys, from 5.5% to 4.9%. The attributed factors are drought, declining credit access and partly politics. the first one is out of an individual control (force majoure). However, for the mido pompous economy should hand this. No one could emagine if drought is also a problem for a country which have shifted from LCD to mido. Likewise the availability of credit could be managed. The politics are normally tough to handle. But the Bank see it as a short term huddle for the economic growth. I could conclusively say, the deliberate and serious measures are needed in place to arrest the situation. Otherwise the economic growth will be increasing/growing at decreasing rate.

Data cooking masters wanasema ati wao ni Lower middle income.[emoji23] [emoji115]

 

[joto la jiwe]

Kenya is looking to 5.9% by 2019, Tanzania is looking to 10% 2020, please.Tanzania try to decelerate your neighbour is collapsing[emoji23]

 

[Mwanzi1]

Data cooking masters wanasema ati wao ni Lower middle income.[emoji23] [emoji115]

No, wanajiita MIDDLE INCOME. Neno LOWER wanalificha wanafikiri hatulijuwi. But unajuwa ukiwa Lower Middle Income inamaana hauko salama, lilitokea tatizo kidogo tu, unarudi kwenye LDC club.

 

[eliakeem]

No, wanajiita MIDDLE INCOME. Neno LOWER wanalificha wanafikiri hatulijuwi. But unajuwa ukiwa Lower Middle Income inamaana hauko salama, lilitokea tatizo kidogo tu, unarudi kwenye LDC club.

Ahaaa haaa acha bana. yaani wanakuwa kama wako kwenye probation. ukiteleza tu chali.
Duu ndo maana leo wamesusua. sijamuona hata mmoja akija hapa.

 

[joto la jiwe]

Pamoja na kupika data lakini wameishia kwenye lower middle income, wangetoa data halisi wangekuwa kwenyd lower low income countries

 

[Mwanzi1]

Ahaaa haaa acha bana. yaani nakuwa kama uko kwenye probation. ukiteleza tu chali.
Duu ndo maana leo wamesusua. sijamuona hata mmoja akija hapa.

Wanatembea juu ya kamba nyembamba, wanalijuwa hawako salama, usione kele nyingi.

 

[mwaswast]

Help needed guys, I can't escape this life am living Am in a mix am in love with two women.

 

[eliakeem]

Kenya is looking to 5.9% by 2019, Tanzania is looking to 10% 2020, please.Tanzania try to decelerate your neighbour is collapsing[emoji23]

Jamaa wamesusa, hata hawataki kuonge lolote. Naona hiyo 4.9% imewashitua sana. Haafu pia kuona sisi in 25 months tunaitafuta 10%.
Hapa kuchele kweli.

 

[joto la jiwe]

Jamaa wamesusa, hata hawataki kuonge lolote. Naona hiyo 4.9% imewashitua sana. Haafu pia kuona sisi in 25 months tunaitafuta 10%.
Hapa kuchele kweli.

Pumzi zimewaisha, hawajamaa ukitoa sifa za kijinga wanazojipa, ni watu dhahifu sana, hawana uwezo wa akili wa kuweza kupambana na mtu kama Magufuli, atawapelekesha sana, Rwanda walijua mapema, wakamfanya awe rafiki yao, Museven pia amelijua hilo amemsogeza karibu, ila wakenya wanataka kushindana na Magufuli, na analijua hilo, hawajui kwamba Magufuli hajaribiwi?

 

[tuusan]

No, wanajiita MIDDLE INCOME. Neno LOWER wanalificha wanafikiri hatulijuwi. But unajuwa ukiwa Lower Middle Income inamaana hauko salama, lilitokea tatizo kidogo tu, unarudi kwenye LDC club.

[emoji23][emoji23]

 

[eliakeem]

any sign of recovery in near future??

 

[eliakeem]

bunge la jamii la Raila litazidi kurudisha kupunguza kasi ya kurudisha kasi 5.5pc ya ukuaji. sawa ni power sharing hapo.