Wazua
»
Investor
»
Economy
»
Kenya: Dejavu Asian Financial Crisis of 1997
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
the deal wrote:Well the IMF stepped in with a $40 Billion rescue package which helped stabilised their currencies...luckly their exports gained momentum and they were able to recover but the period was characterised by stagflation & lots of pain and claimed some Presidency like @Mkono puts it. Ok. Thanks. Goes to show that a country is finally judged by its wealth and productivity. Cheers.
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
Cde Monomotapa wrote:the deal wrote:Well the IMF stepped in with a $40 Billion rescue package which helped stabilised their currencies...luckly their exports gained momentum and they were able to recover but the period was characterised by stagflation & lots of pain and claimed some Presidency like @Mkono puts it. Ok. Thanks. Goes to show that a country is finally judged by its wealth and productivity. Cheers. With Kenya its a different scenario...policy markers have not taken any actions to reform the Agriculture sector...the countries biggest forex earner I.e SA receives less rain than KE yet KE is ever buying maize from SA! Even if KE receives the Billions from the IMF there is strong probability this thing will occur all over again unfortunately the IMF is happy to lend thats their business anyway...so long term solutions like irrigation or even GMO after all its the maize we eat!
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Thankfully there is food ready for harvesting, short rains coming and that KE is a highly diversified economy (benefits of mineral resource poverty) coupled with a reknowned high value work ethic that other countries value/resent/envy. We ain't tapping out any time soon 
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
Read this article written way back in June and relate to today and you will see some prophecy.
|
|
|
Rank: Member Joined: 4/14/2011 Posts: 639
|
the deal wrote:Read this article written way back in June and relate to today and you will see some prophecy. Are we into recession already or when do you see us grind into one?
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
Hunderwear wrote:the deal wrote:Read this article written way back in June and relate to today and you will see some prophecy. Are we into recession already or when do you see us grind into one? Lets wait for 3Q and 4Q GDP numbers for confirmation...the pace of contraction should inform us when we enter negative growth
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
|
|
|
Wazua
»
Investor
»
Economy
»
Kenya: Dejavu Asian Financial Crisis of 1997
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.