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GDP growth down from 5.8pc in 2010 to 4.4pc in 2011

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mwekez@ji		#1 Posted : Wednesday, May 16, 2012 12:03:40 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Key highlights •Real GDP growth in Kenya down from 5.8pc in 2010 to 4.4pc in 2011 •Agriculture sector growth dropped from 6.4pc in 2010 to 1.5pc in 2011; factors - drought, high cost of inputs •Tea, coffee, maize output fell, though revenues increased because of a weaker shilling •Manufacturing dropped from 4.4pc in 2010 to 3.3pc in 2011 due to the high cost of imports •Financial sector growth slowed from 9pc in 2010 to 7.8pc in 2011 •Building and construction sector down marginally from 4.5pc in 2010 to 4.3pc in 2011 •Mobile subscriptions up from 20m in 2010 to 25 m in 2011 •Trade balance worsened to 49.7pc in 2011 from 23pc in 2010 •NSE 20-share index down by 27.8pc in 2011 •520,000 new jobs created in 2011, 80pc of them in the informal sector, principally in construction, energy and tourism •Global economic growth slowed from 5pc to 3.8pc because of the Eurozone debt crisis and slow growth in big economies like China http://www.businessdailyafrica....24/-/ox8hc9/-/index.html http://www.knbs.or.ke/Economic%...ntation%20ES%20FINAL.pdf
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mwekez@ji		#2 Posted : Wednesday, May 16, 2012 12:12:44 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Economic growth expected to drop to between 3.5 and 4.5pc in 2012
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morre		#3 Posted : Wednesday, May 16, 2012 10:13:36 AM
Rank: New-farer Joined: 1/5/2011 Posts: 93		mwekez@ji wrote: Economic growth expected to drop to between 3.5 and 4.5pc in 2012 i guess if the government can raise the invetors' confidence in regard to the upcoming elections the economy can be shielded..... because ad expect a stronger nse and financial industry in general. If you dont want to use plan B, have a good plan A.
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hisah		#4 Posted : Wednesday, May 16, 2012 2:50:11 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		It is amusing to see IMF expects KE's GDP to grow 5% this year. Private sector is shrinking jobs. Wages on a 3yr inflation lag. A debt hungry gubberment. High borrowing costs - tight liquidity as well as high inflation. USD getting expensive globally. Good luck USDKES below 90. Near term election fever. Quite a lot of risk factors in the KE macroeconomy cup... Globally watch out for Spain & Italy. When gubberments say all is well, but central banks are buying gold like mad, sh** is about to hit the fan... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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