Kenya Economic Update, June 2011, Edition No. 4 : Turning the Tide in Turbulent Times
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 ec...
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/104401468048252004/Kenya-economic-update-turning-the-tide-in-turbulent-times-making-the-most-of-Kenyas-demographic-change-and-rapid-urbanization http://hdl.handle.net/10986/27254 |
| Summary: | 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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