Kenya Economic Update, June 2005, No. 12 : Storm Clouds Gathering

Kenya’s economic performance remains solid, underpinned by strong infrastructure spending and consumer demand, which are driving growth. Growth in 2015 is estimated at 5.4 percent, a 0.6 percent downward revision from its estimate in December 2014. The revision reflects the strong headwinds the ec...

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Main Author:	World Bank Group
Format:	Report
Language:	English en_US
Published:	2015
Subjects:	AUCTION MONETARY POLICY HOLDING EQUIPMENT ACCOUNTING DEPOSITS LONG-TERM INTEREST LOCAL INFRASTRUCTURE GLOBAL MARKETS ADMINISTRATION OF JUSTICE INTEREST INFLATIONARY EXPECTATIONS LONG-TERM CAPITAL PRIVATE CREDIT DOMESTIC MARKET TOTAL DEBT REVENUES PORTFOLIO FISCAL POLICY DEVALUATION CAPACITY BUILDING CREDITWORTHINESS PUBLIC BORROWING TREASURY BILL HUMAN RESOURCE OIL PRICES INVESTMENT SPENDING INDEBTEDNESS CURRENCY LEGAL PROVISIONS EXPORT GROWTH BANK ASSETS DOLLAR PRICE INCOME INEQUALITY FINANCES BANK DEBT MONETARY FUND DEBT INFLATIONARY PRESSURE MARKETS LOCAL GOVERNMENT FINANCIAL FLOWS BOND ISSUE PUBLIC FINANCE BUDGET DEFICIT DOMESTIC DEBT SHORT-TERM CAPITAL NATIONAL TREASURY EQUITIES RECURRENT EXPENDITURE LEGAL FRAMEWORK BANKING SECTOR FISCAL DEFICIT TRANSACTIONS EMERGING MARKETS MACROECONOMIC ENVIRONMENT NATIONAL SECURITY MACROECONOMIC INSTABILITY FEDERAL RESERVE INTEREST PAYMENTS GOOD GOVERNMENT BUDGET INTERNATIONAL TRADE TRANSPARENCY COUNTRY RISK LONG-TERM INTEREST RATE FUTURE LIQUIDITY RATIOS MARKET PRICES CAPACITY CONSTRAINTS EXCHANGES EQUITY FUNDS GOVERNMENT EXPENDITURE INCOME SECURITIES INVESTMENT PROJECTS INSTITUTIONAL CAPACITY SHARES REAL EXCHANGE RATE LOCAL CURRENCY MONEY MARKETS DEBT RATIOS SECURITIES PUBLIC DEBT BALANCE OF PAYMENT TREASURY PRIVATE DEBT INSURANCE CURRENCIES MACROECONOMIC VOLATILITY EUROBOND LENDING INTEREST RATE COMMERCIAL BANKS PUBLIC FINANCES LENDING TRUST FUND FISCAL DISCIPLINE REMITTANCES CAPITAL INVESTMENT PORTFOLIO FLOWS LIABILITIES GOVERNMENT ACCOUNTS RISK ASSESSMENTS CAPITAL ACCOUNT HUMAN DEVELOPMENT INVESTING INFORMATION DISSEMINATION TERRORISM DEFICIT DEPOSIT BASIS POINTS CONSUMER DURABLES GOVERNMENT EXPENDITURES OIL PRICE INTEREST RATE SPREAD FOREIGN DIRECT INVESTMENTS FINANCIAL MANAGEMENT STOCK FOREIGN INVESTORS BANK RATE INFORMATION SYSTEM FOREIGN EXCHANGE MARKET DOMESTIC BORROWING GOVERNMENT INVESTMENTS MACROECONOMIC MANAGEMENT DEBT STOCK GOVERNMENT SPENDING EMERGING ECONOMIES INTEREST RATE EXCHANGE STOCK MARKET BALANCE OF PAYMENTS BANKING SYSTEM LOCAL GOVERNMENTS ISSUANCES MACROECONOMIC POLICY LIQUIDITY NATIONAL SAVINGS GOVERNMENT CAPACITY TREASURY BILL RATES TAX INCOME TAX BUDGETING RESERVE BENEFICIARIES INFLATION ENABLING ENVIRONMENT DEFICIT FINANCING FISCAL CONSTRAINTS BUDGET CENTRAL BANK INTERNATIONAL FINANCE POLICY RESPONSE GOVERNMENT LEGISLATION INFLATIONARY PRESSURES TRADING INTEREST RATES MACROECONOMIC RISKS SOVEREIGN BOND EXTERNAL INDEBTEDNESS PRIVATE INVESTMENT RETURN DEFICITS INTERNATIONAL DEVELOPMENT DIRECT INVESTMENT LOANS RESERVES INVENTORIES GROSS DOMESTIC PRODUCT RULE OF LAW FINANCE FOREIGN CURRENCY MARKET PRICE TAXES ACCESS TO INFORMATION EXPENDITURE GOVERNMENT SECURITIES INFRASTRUCTURE INVESTMENT EQUITY POTENTIAL INVESTORS TRANSACTION INVESTORS FOREIGN EXCHANGE RESERVES FRAUD PRIVATE SECTOR CREDIT SAVINGS RATE PENSIONS RETURNS LOCAL MARKET BUDGETS PURCHASING POWER LONG-TERM INTEREST RATES GOVERNMENT REVENUE EXPENDITURES CAPITAL FLOWS PROPERTY CURRENT ACCOUNT DEFICIT BALANCE SHEET MARKET FOREIGN EXCHANGE LEVY INTERESTS CURRENCY DEPRECIATION GOODS SECURITIES EXCHANGE FIXED ASSETS SECURITY EQUITY MARKETS STOCK EXCHANGE INVESTMENT BOND SHARE INTERNAL AUDIT INVESTMENT CLIMATE POVERTY FINANCIAL MARKETS TARIFF POLITICAL STABILITY CAPITAL INFLOWS DECENTRALIZATION REVENUE MONEY MARKET EXTERNAL DEBT LEVIES INVESTMENTS TREASURY BILL RATE CREDIT GROWTH EXCHANGE RATE BUDGET REVIEW DIRECT INVESTMENTS DURABLES INTERNATIONAL INVESTORS NONPERFORMING LOANS INTEREST RATE DIFFERENTIALS
Online Access:	http://documents.worldbank.org/curated/en/2015/10/25153454/kenya-economic-update-storm-clouds-gathering-economy-facing-strong-headwinds-special-focus-public-participation http://hdl.handle.net/10986/22955

id	okr-10986-22955
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	AUCTION MONETARY POLICY HOLDING EQUIPMENT ACCOUNTING DEPOSITS LONG-TERM INTEREST LOCAL INFRASTRUCTURE GLOBAL MARKETS ADMINISTRATION OF JUSTICE INTEREST INFLATIONARY EXPECTATIONS LONG-TERM CAPITAL PRIVATE CREDIT DOMESTIC MARKET TOTAL DEBT REVENUES PORTFOLIO FISCAL POLICY DEVALUATION CAPACITY BUILDING CREDITWORTHINESS PUBLIC BORROWING TREASURY BILL HUMAN RESOURCE OIL PRICES INVESTMENT SPENDING INDEBTEDNESS CURRENCY LEGAL PROVISIONS EXPORT GROWTH BANK ASSETS DOLLAR PRICE INCOME INEQUALITY FINANCES BANK DEBT MONETARY FUND DEBT INFLATIONARY PRESSURE MARKETS LOCAL GOVERNMENT FINANCIAL FLOWS BOND ISSUE PUBLIC FINANCE BUDGET DEFICIT DOMESTIC DEBT SHORT-TERM CAPITAL NATIONAL TREASURY EQUITIES RECURRENT EXPENDITURE LEGAL FRAMEWORK BANKING SECTOR FISCAL DEFICIT TRANSACTIONS EMERGING MARKETS MACROECONOMIC ENVIRONMENT NATIONAL SECURITY MACROECONOMIC INSTABILITY FEDERAL RESERVE INTEREST PAYMENTS GOOD GOVERNMENT BUDGET INTERNATIONAL TRADE TRANSPARENCY COUNTRY RISK LONG-TERM INTEREST RATE FUTURE LIQUIDITY RATIOS MARKET PRICES CAPACITY CONSTRAINTS EXCHANGES EQUITY FUNDS GOVERNMENT EXPENDITURE INCOME SECURITIES INVESTMENT PROJECTS INSTITUTIONAL CAPACITY SHARES REAL EXCHANGE RATE LOCAL CURRENCY MONEY MARKETS DEBT RATIOS SECURITIES PUBLIC DEBT BALANCE OF PAYMENT TREASURY PRIVATE DEBT INSURANCE CURRENCIES MACROECONOMIC VOLATILITY EUROBOND LENDING INTEREST RATE COMMERCIAL BANKS PUBLIC FINANCES LENDING TRUST FUND FISCAL DISCIPLINE REMITTANCES CAPITAL INVESTMENT PORTFOLIO FLOWS LIABILITIES GOVERNMENT ACCOUNTS RISK ASSESSMENTS CAPITAL ACCOUNT HUMAN DEVELOPMENT INVESTING INFORMATION DISSEMINATION TERRORISM DEFICIT DEPOSIT BASIS POINTS CONSUMER DURABLES GOVERNMENT EXPENDITURES OIL PRICE INTEREST RATE SPREAD FOREIGN DIRECT INVESTMENTS FINANCIAL MANAGEMENT STOCK FOREIGN INVESTORS BANK RATE INFORMATION SYSTEM FOREIGN EXCHANGE MARKET DOMESTIC BORROWING GOVERNMENT INVESTMENTS MACROECONOMIC MANAGEMENT DEBT STOCK GOVERNMENT SPENDING EMERGING ECONOMIES INTEREST RATE EXCHANGE STOCK MARKET BALANCE OF PAYMENTS BANKING SYSTEM LOCAL GOVERNMENTS ISSUANCES MACROECONOMIC POLICY LIQUIDITY NATIONAL SAVINGS GOVERNMENT CAPACITY TREASURY BILL RATES TAX INCOME TAX BUDGETING RESERVE BENEFICIARIES INFLATION ENABLING ENVIRONMENT DEFICIT FINANCING FISCAL CONSTRAINTS BUDGET CENTRAL BANK INTERNATIONAL FINANCE POLICY RESPONSE GOVERNMENT LEGISLATION INFLATIONARY PRESSURES TRADING INTEREST RATES MACROECONOMIC RISKS SOVEREIGN BOND EXTERNAL INDEBTEDNESS PRIVATE INVESTMENT RETURN DEFICITS INTERNATIONAL DEVELOPMENT DIRECT INVESTMENT LOANS RESERVES INVENTORIES GROSS DOMESTIC PRODUCT RULE OF LAW FINANCE FOREIGN CURRENCY MARKET PRICE TAXES ACCESS TO INFORMATION EXPENDITURE GOVERNMENT SECURITIES INFRASTRUCTURE INVESTMENT EQUITY POTENTIAL INVESTORS TRANSACTION INVESTORS FOREIGN EXCHANGE RESERVES FRAUD PRIVATE SECTOR CREDIT SAVINGS RATE PENSIONS RETURNS LOCAL MARKET BUDGETS PURCHASING POWER LONG-TERM INTEREST RATES GOVERNMENT REVENUE EXPENDITURES CAPITAL FLOWS PROPERTY CURRENT ACCOUNT DEFICIT BALANCE SHEET MARKET FOREIGN EXCHANGE LEVY INTERESTS CURRENCY DEPRECIATION GOODS SECURITIES EXCHANGE FIXED ASSETS SECURITY EQUITY MARKETS STOCK EXCHANGE INVESTMENT BOND SHARE INTERNAL AUDIT INVESTMENT CLIMATE POVERTY FINANCIAL MARKETS TARIFF POLITICAL STABILITY CAPITAL INFLOWS DECENTRALIZATION REVENUE MONEY MARKET EXTERNAL DEBT LEVIES INVESTMENTS TREASURY BILL RATE CREDIT GROWTH EXCHANGE RATE BUDGET REVIEW DIRECT INVESTMENTS DURABLES INTERNATIONAL INVESTORS NONPERFORMING LOANS INTEREST RATE DIFFERENTIALS
spellingShingle	AUCTION MONETARY POLICY HOLDING EQUIPMENT ACCOUNTING DEPOSITS LONG-TERM INTEREST LOCAL INFRASTRUCTURE GLOBAL MARKETS ADMINISTRATION OF JUSTICE INTEREST INFLATIONARY EXPECTATIONS LONG-TERM CAPITAL PRIVATE CREDIT DOMESTIC MARKET TOTAL DEBT REVENUES PORTFOLIO FISCAL POLICY DEVALUATION CAPACITY BUILDING CREDITWORTHINESS PUBLIC BORROWING TREASURY BILL HUMAN RESOURCE OIL PRICES INVESTMENT SPENDING INDEBTEDNESS CURRENCY LEGAL PROVISIONS EXPORT GROWTH BANK ASSETS DOLLAR PRICE INCOME INEQUALITY FINANCES BANK DEBT MONETARY FUND DEBT INFLATIONARY PRESSURE MARKETS LOCAL GOVERNMENT FINANCIAL FLOWS BOND ISSUE PUBLIC FINANCE BUDGET DEFICIT DOMESTIC DEBT SHORT-TERM CAPITAL NATIONAL TREASURY EQUITIES RECURRENT EXPENDITURE LEGAL FRAMEWORK BANKING SECTOR FISCAL DEFICIT TRANSACTIONS EMERGING MARKETS MACROECONOMIC ENVIRONMENT NATIONAL SECURITY MACROECONOMIC INSTABILITY FEDERAL RESERVE INTEREST PAYMENTS GOOD GOVERNMENT BUDGET INTERNATIONAL TRADE TRANSPARENCY COUNTRY RISK LONG-TERM INTEREST RATE FUTURE LIQUIDITY RATIOS MARKET PRICES CAPACITY CONSTRAINTS EXCHANGES EQUITY FUNDS GOVERNMENT EXPENDITURE INCOME SECURITIES INVESTMENT PROJECTS INSTITUTIONAL CAPACITY SHARES REAL EXCHANGE RATE LOCAL CURRENCY MONEY MARKETS DEBT RATIOS SECURITIES PUBLIC DEBT BALANCE OF PAYMENT TREASURY PRIVATE DEBT INSURANCE CURRENCIES MACROECONOMIC VOLATILITY EUROBOND LENDING INTEREST RATE COMMERCIAL BANKS PUBLIC FINANCES LENDING TRUST FUND FISCAL DISCIPLINE REMITTANCES CAPITAL INVESTMENT PORTFOLIO FLOWS LIABILITIES GOVERNMENT ACCOUNTS RISK ASSESSMENTS CAPITAL ACCOUNT HUMAN DEVELOPMENT INVESTING INFORMATION DISSEMINATION TERRORISM DEFICIT DEPOSIT BASIS POINTS CONSUMER DURABLES GOVERNMENT EXPENDITURES OIL PRICE INTEREST RATE SPREAD FOREIGN DIRECT INVESTMENTS FINANCIAL MANAGEMENT STOCK FOREIGN INVESTORS BANK RATE INFORMATION SYSTEM FOREIGN EXCHANGE MARKET DOMESTIC BORROWING GOVERNMENT INVESTMENTS MACROECONOMIC MANAGEMENT DEBT STOCK GOVERNMENT SPENDING EMERGING ECONOMIES INTEREST RATE EXCHANGE STOCK MARKET BALANCE OF PAYMENTS BANKING SYSTEM LOCAL GOVERNMENTS ISSUANCES MACROECONOMIC POLICY LIQUIDITY NATIONAL SAVINGS GOVERNMENT CAPACITY TREASURY BILL RATES TAX INCOME TAX BUDGETING RESERVE BENEFICIARIES INFLATION ENABLING ENVIRONMENT DEFICIT FINANCING FISCAL CONSTRAINTS BUDGET CENTRAL BANK INTERNATIONAL FINANCE POLICY RESPONSE GOVERNMENT LEGISLATION INFLATIONARY PRESSURES TRADING INTEREST RATES MACROECONOMIC RISKS SOVEREIGN BOND EXTERNAL INDEBTEDNESS PRIVATE INVESTMENT RETURN DEFICITS INTERNATIONAL DEVELOPMENT DIRECT INVESTMENT LOANS RESERVES INVENTORIES GROSS DOMESTIC PRODUCT RULE OF LAW FINANCE FOREIGN CURRENCY MARKET PRICE TAXES ACCESS TO INFORMATION EXPENDITURE GOVERNMENT SECURITIES INFRASTRUCTURE INVESTMENT EQUITY POTENTIAL INVESTORS TRANSACTION INVESTORS FOREIGN EXCHANGE RESERVES FRAUD PRIVATE SECTOR CREDIT SAVINGS RATE PENSIONS RETURNS LOCAL MARKET BUDGETS PURCHASING POWER LONG-TERM INTEREST RATES GOVERNMENT REVENUE EXPENDITURES CAPITAL FLOWS PROPERTY CURRENT ACCOUNT DEFICIT BALANCE SHEET MARKET FOREIGN EXCHANGE LEVY INTERESTS CURRENCY DEPRECIATION GOODS SECURITIES EXCHANGE FIXED ASSETS SECURITY EQUITY MARKETS STOCK EXCHANGE INVESTMENT BOND SHARE INTERNAL AUDIT INVESTMENT CLIMATE POVERTY FINANCIAL MARKETS TARIFF POLITICAL STABILITY CAPITAL INFLOWS DECENTRALIZATION REVENUE MONEY MARKET EXTERNAL DEBT LEVIES INVESTMENTS TREASURY BILL RATE CREDIT GROWTH EXCHANGE RATE BUDGET REVIEW DIRECT INVESTMENTS DURABLES INTERNATIONAL INVESTORS NONPERFORMING LOANS INTEREST RATE DIFFERENTIALS World Bank Group Kenya Economic Update, June 2005, No. 12 : Storm Clouds Gathering
geographic_facet	Africa Kenya
relation	Kenya economic update,edition no. 12;
description	Kenya’s economic performance remains solid, underpinned by strong infrastructure spending and consumer demand, which are driving growth. Growth in 2015 is estimated at 5.4 percent, a 0.6 percent downward revision from its estimate in December 2014. The revision reflects the strong headwinds the economy is facing in the foreign exchange market and the monetary policy response to calm those fears.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Kenya Economic Update, June 2005, No. 12 : Storm Clouds Gathering
title_short	Kenya Economic Update, June 2005, No. 12 : Storm Clouds Gathering
title_full	Kenya Economic Update, June 2005, No. 12 : Storm Clouds Gathering
title_fullStr	Kenya Economic Update, June 2005, No. 12 : Storm Clouds Gathering
title_full_unstemmed	Kenya Economic Update, June 2005, No. 12 : Storm Clouds Gathering
title_sort	kenya economic update, june 2005, no. 12 : storm clouds gathering
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/10/25153454/kenya-economic-update-storm-clouds-gathering-economy-facing-strong-headwinds-special-focus-public-participation http://hdl.handle.net/10986/22955
_version_	1764452410007224320
spelling	okr-10986-229552021-04-23T14:04:11Z Kenya Economic Update, June 2005, No. 12 : Storm Clouds Gathering World Bank Group AUCTION MONETARY POLICY HOLDING EQUIPMENT ACCOUNTING DEPOSITS LONG-TERM INTEREST LOCAL INFRASTRUCTURE GLOBAL MARKETS ADMINISTRATION OF JUSTICE INTEREST INFLATIONARY EXPECTATIONS LONG-TERM CAPITAL PRIVATE CREDIT DOMESTIC MARKET TOTAL DEBT REVENUES PORTFOLIO FISCAL POLICY DEVALUATION CAPACITY BUILDING CREDITWORTHINESS PUBLIC BORROWING TREASURY BILL HUMAN RESOURCE OIL PRICES INVESTMENT SPENDING INDEBTEDNESS CURRENCY LEGAL PROVISIONS EXPORT GROWTH BANK ASSETS DOLLAR PRICE INCOME INEQUALITY FINANCES BANK DEBT MONETARY FUND DEBT INFLATIONARY PRESSURE MARKETS LOCAL GOVERNMENT FINANCIAL FLOWS BOND ISSUE PUBLIC FINANCE BUDGET DEFICIT DOMESTIC DEBT SHORT-TERM CAPITAL NATIONAL TREASURY EQUITIES RECURRENT EXPENDITURE LEGAL FRAMEWORK BANKING SECTOR FISCAL DEFICIT TRANSACTIONS EMERGING MARKETS MACROECONOMIC ENVIRONMENT NATIONAL SECURITY MACROECONOMIC INSTABILITY FEDERAL RESERVE INTEREST PAYMENTS GOOD GOVERNMENT BUDGET INTERNATIONAL TRADE TRANSPARENCY COUNTRY RISK LONG-TERM INTEREST RATE FUTURE LIQUIDITY RATIOS MARKET PRICES CAPACITY CONSTRAINTS EXCHANGES EQUITY FUNDS GOVERNMENT EXPENDITURE INCOME SECURITIES INVESTMENT PROJECTS INSTITUTIONAL CAPACITY SHARES REAL EXCHANGE RATE LOCAL CURRENCY MONEY MARKETS DEBT RATIOS SECURITIES PUBLIC DEBT BALANCE OF PAYMENT TREASURY PRIVATE DEBT INSURANCE CURRENCIES MACROECONOMIC VOLATILITY EUROBOND LENDING INTEREST RATE COMMERCIAL BANKS PUBLIC FINANCES LENDING TRUST FUND FISCAL DISCIPLINE REMITTANCES CAPITAL INVESTMENT PORTFOLIO FLOWS LIABILITIES GOVERNMENT ACCOUNTS RISK ASSESSMENTS CAPITAL ACCOUNT HUMAN DEVELOPMENT INVESTING INFORMATION DISSEMINATION TERRORISM DEFICIT DEPOSIT BASIS POINTS CONSUMER DURABLES GOVERNMENT EXPENDITURES OIL PRICE INTEREST RATE SPREAD FOREIGN DIRECT INVESTMENTS FINANCIAL MANAGEMENT STOCK FOREIGN INVESTORS BANK RATE INFORMATION SYSTEM FOREIGN EXCHANGE MARKET DOMESTIC BORROWING GOVERNMENT INVESTMENTS MACROECONOMIC MANAGEMENT DEBT STOCK GOVERNMENT SPENDING EMERGING ECONOMIES INTEREST RATE EXCHANGE STOCK MARKET BALANCE OF PAYMENTS BANKING SYSTEM LOCAL GOVERNMENTS ISSUANCES MACROECONOMIC POLICY LIQUIDITY NATIONAL SAVINGS GOVERNMENT CAPACITY TREASURY BILL RATES TAX INCOME TAX BUDGETING RESERVE BENEFICIARIES INFLATION ENABLING ENVIRONMENT DEFICIT FINANCING FISCAL CONSTRAINTS BUDGET CENTRAL BANK INTERNATIONAL FINANCE POLICY RESPONSE GOVERNMENT LEGISLATION INFLATIONARY PRESSURES TRADING INTEREST RATES MACROECONOMIC RISKS SOVEREIGN BOND EXTERNAL INDEBTEDNESS PRIVATE INVESTMENT RETURN DEFICITS INTERNATIONAL DEVELOPMENT DIRECT INVESTMENT LOANS RESERVES INVENTORIES GROSS DOMESTIC PRODUCT RULE OF LAW FINANCE FOREIGN CURRENCY MARKET PRICE TAXES ACCESS TO INFORMATION EXPENDITURE GOVERNMENT SECURITIES INFRASTRUCTURE INVESTMENT EQUITY POTENTIAL INVESTORS TRANSACTION INVESTORS FOREIGN EXCHANGE RESERVES FRAUD PRIVATE SECTOR CREDIT SAVINGS RATE PENSIONS RETURNS LOCAL MARKET BUDGETS PURCHASING POWER LONG-TERM INTEREST RATES GOVERNMENT REVENUE EXPENDITURES CAPITAL FLOWS PROPERTY CURRENT ACCOUNT DEFICIT BALANCE SHEET MARKET FOREIGN EXCHANGE LEVY INTERESTS CURRENCY DEPRECIATION GOODS SECURITIES EXCHANGE FIXED ASSETS SECURITY EQUITY MARKETS STOCK EXCHANGE INVESTMENT BOND SHARE INTERNAL AUDIT INVESTMENT CLIMATE POVERTY FINANCIAL MARKETS TARIFF POLITICAL STABILITY CAPITAL INFLOWS DECENTRALIZATION REVENUE MONEY MARKET EXTERNAL DEBT LEVIES INVESTMENTS TREASURY BILL RATE CREDIT GROWTH EXCHANGE RATE BUDGET REVIEW DIRECT INVESTMENTS DURABLES INTERNATIONAL INVESTORS NONPERFORMING LOANS INTEREST RATE DIFFERENTIALS Kenya’s economic performance remains solid, underpinned by strong infrastructure spending and consumer demand, which are driving growth. Growth in 2015 is estimated at 5.4 percent, a 0.6 percent downward revision from its estimate in December 2014. The revision reflects the strong headwinds the economy is facing in the foreign exchange market and the monetary policy response to calm those fears. 2015-11-11T19:39:01Z 2015-11-11T19:39:01Z 2015-06-01 Report http://documents.worldbank.org/curated/en/2015/10/25153454/kenya-economic-update-storm-clouds-gathering-economy-facing-strong-headwinds-special-focus-public-participation http://hdl.handle.net/10986/22955 English en_US Kenya economic update,edition no. 12; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Africa Kenya

Kenya Economic Update, June 2005, No. 12 : Storm Clouds Gathering

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