Kenya Economic Update, October 2019 : Securing Future Growth - Policies to Support Kenya’s Digital Transformation
Kenya continues to experience steady economic growth, with real GDP expanding on average by about 5.6 percent over the last five years (2014-2018). In 2019, however, economic activity has softened primarily due to lower agricultural output and weak...
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| Format: | Report |
| Language: | English |
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World Bank, Nairobi
2019
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| Online Access: | http://documents.worldbank.org/curated/en/968481572468094731/Kenya-Economic-Update-Securing-Future-Growth-Policies-to-Support-Kenya-s-Digital-Transformation http://hdl.handle.net/10986/32792 |
| Summary: | Kenya continues to experience steady
economic growth, with real GDP expanding on average by about
5.6 percent over the last five years (2014-2018). In 2019,
however, economic activity has softened primarily due to
lower agricultural output and weak private sector
investment. As a result, the World Bank projects Kenya’s
growth at 5.8 percent for 2019 and settling at around 5.9
percent over the medium term. The weakening of private
investment partly reflects crowding out from widening fiscal
deficits and relatedly limited access to credit by the
private sector (growing by about 6.3 percent in August
2019). Against this backdrop, it is my great pleasure to
present the twentieth edition of the World Bank’s Kenya
Economic Update. |
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