Kenya Economic Update, June 2011, Edition No. 4 : Turning the Tide in Turbulent Times

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作者：

World Bank

来源地址：

http://hdl.handle.net/10986/27254

关键词：

ACCOUNTABILITY STRUCTURES;  ADVERSE SHOCKS;  AFFORDABLE HOUSING;  AGRICULTURE;  AIRPORT;  BALANCE OF PAYMENTS;  BANK BRANCHES;  BANK RATE;  BASIS POINTS;  BEST MARKET;  BILL;  BRANCH NETWORKS;  BUDGET DEFICIT;  BUFFERS;  BUSINESS CONFIDENCE;  BUSINESS ENVIRONMENT;  CAPACITY CONSTRAINTS;  CAPITAL FLIGHT;  CAPITAL INVESTMENTS;  CARS;  CASH RESERVE;  CASH TRANSFERS;  CENTRAL BANK;  COMMERCIAL BANKS;  COMMODITY;  COMMON MARKET;  COMMUTERS;  CONSUMER PRICE INDEX;  CONSUMERS;  CREDIT GROWTH;  CURRENCY;  CURRENT ACCOUNT;  CURRENT ACCOUNT BALANCE;  CURRENT ACCOUNT DEFICIT;  DEBT;  DEMOGRAPHIC;  DEMOGRAPHIC CHANGE;  DEMOGRAPHIC CHANGES;  DEPOSIT;  DEPOSIT RATES;  DEVELOPING COUNTRIES;  DEVELOPING ECONOMIES;  DEVELOPMENT ASSISTANCE;  DEVELOPMENT STRATEGY;  DIVIDEND;  DIVIDENDS;  DRIVING;  ECONOMIC DEVELOPMENTS;  ECONOMIC EXPANSION;  ECONOMIC GROWTH;  ECONOMIC PERFORMANCE;  ECONOMIC REFORM;  ECONOMIC SHOCKS;  ECONOMIES OF SCALE;  EMERGING MARKETS;  ENABLING ENVIRONMENT;  EQUIPMENT;  EXCESS LIQUIDITY;  EXCHANGE RATE;  EXCHANGE RATE MOVEMENTS;  EXCHANGE RATES;  EXPANSION OF EXPORTS;  EXPENDITURES;  EXPORT BASE;  EXPORT EARNINGS;  EXPORT GROWTH;  EXPORT MARKETS;  EXPORT PERFORMANCE;  EXPORTER;  EXPORTERS;  EXPORTS;  EXTERNAL SHOCKS;  EXTREME POVERTY;  FINANCIAL CRISIS;  FINANCIAL SECTOR;  FINANCIAL SERVICE;  FINANCIAL SERVICE PROVIDERS;  FISCAL DEFICIT;  FISCAL DEFICITS;  FISCAL POLICY;  FOOD PRICES;  FORECASTS;  FOREIGN DIRECT INVESTMENT;  FOREIGN EXCHANGE;  FOREIGN INVESTORS;  FREIGHT;  FREIGHT SERVICES;  FUEL;  FUEL PRICE;  FUEL PRICES;  GDP;  GDP PER CAPITA;  GLOBAL ECONOMIES;  GLOBAL ECONOMY;  GLOBAL EXPORT;  GLOBAL EXPORTS;  GLOBAL MARKETS;  GOVERNMENT EXPENDITURE;  GROWTH RATE;  GROWTH RATES;  HIGH TRANSPORT;  HIGH-SPEED TRAIN;  HOLDING;  IMBALANCE;  IMPORT;  IMPORT COSTS;  IMPORTS;  INCOME;  INFRASTRUCTURE INVESTMENTS;  INFRASTRUCTURE PROJECTS;  INSURANCE;  INTEREST RATES;  INVESTMENT CLIMATE;  INVESTMENT DECISIONS;  INVESTMENT FLOWS;  INVESTOR CONFIDENCE;  LABOR MARKET;  LAND TRANSPORT;  LEVERAGE;  LEVIES;  LIFE EXPECTANCY;  LIQUIDITY;  LOCAL ECONOMY;  MACROECONOMIC INDICATORS;  MACROECONOMIC STABILITY;  MARKET ACCESS;  MIDDLE INCOME COUNTRY;  MONETARY FUND;  MONETARY POLICIES;  MONETARY POLICY;  NEW MARKET;  NEW MARKETS;  NEW PRODUCTS;  NON-PERFORMING LOANS;  OIL PRICE;  OIL PRICES;  OUTPUT;  OUTSOURCING;  PER CAPITA INCOME;  POLICE;  POLICY RESPONSE;  PRICE INCREASE;  PRICE INCREASES;  PRIVATE INVESTMENT;  PRIVATE SECTOR GROWTH;  PRIVATE SECTOR INVESTMENT;  PROFIT MARGINS;  PUBLIC DEBT;  PUBLIC INVESTMENT;  PUBLIC POLICY;  RAIL;  RAILWAY;  RAILWAY LINE;  RAILWAY SYSTEM;  REAL ESTATE;  REAL GROWTH RATE;  REFORM PROGRAM;  REGIONAL MARKETS;  REPO;  REPO RATE;  ROAD;  ROAD LINKS;  ROADS;  ROUTES;  SAVINGS;  SAVINGS RATE;  SCANDAL;  SHORT TERM INTEREST RATES;  SOCIAL DEVELOPMENT;  STOCK EXCHANGE;  STOCK MARKET;  STOCK MARKET DECLINES;  STOCKS;  STREETS;  STRUCTURAL CHANGE;  SUPPLY SHOCK;  TARIFF BARRIERS;  TAX;  TOTAL CREDIT;  TOTAL EXPORT;  TOTAL IMPORTS;  TRADE DEFICIT;  TRADE SHOCKS;  TRADING;  TRADING PARTNER;  TRADING PARTNERS;  TRADING VOLUMES;  TRAFFIC;  TRANSIT;  TRANSIT CORRIDOR;  TRANSPORT;  TRANSPORT COSTS;  TRANSPORT EQUIPMENT;  UNCERTAINTY;  UPWARD PRESSURE;  URBANIZATION;  VALUE ADDED;  VEHICLE;  VEHICLES;  WAGES;  WAREHOUSE;  WORLD MARKETS;  Report; 

年份：

2011

出版地：

Washington,USA

语种：

English

摘要：

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.