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Kenya economic update : still standing - Kenya's slow recovery from a quadruple shock with a special focus on the food crisis (English)

This is the first edition of the Kenya Economic Update. This title of this report has two meanings, which are both true for Kenya today. First, the economy seems to stand still as economic growth barely matches population growth, indicating that Kenya continues to operate below its potential. Second, Kenya's economy has weathered four consecutive crises - post-election violence, global food crisis, global financial turmoil, and drought - well enough so that its economy is "still standing". This report looks at both of these dimensions and analyzes the weaknesses (and partial strengths) of the current growth momentum as well as Kenya's resilience, particularly with respect to the global financial crisis. This first issue of the Kenya Economic Update examines the ways in which the Kenyan economy has been affected by four waves of crises. Section one describes the growth outlook for 2009, and how the phenomenon of slow recovery manifested itself across the different sectors of activity. Section two drills deeper into the successive waves of crisis, the transmission mechanisms through which they affected the economy, as well as the government’s response to date. Finally, section three concludes the economic update with scenarios for growth in 2010 and an analysis of the assumptions behind them.


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    Fengler. Wolfgang; Kiringai, Jane;

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    Kenya economic update : still standing - Kenya's slow recovery from a quadruple shock with a special focus on the food crisis

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Fengler. Wolfgang; Kiringai, Jane;

Kenya economic update : still standing - Kenya's slow recovery from a quadruple shock with a special focus on the food crisis (English). Kenya economic update ; edition no. 1 Washington, D.C. : World Bank Group.