Kenya Economic Update, June 2023 - Securing Growth

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dc.creatorWorld Bank
dc.date2023-06-27T16:21:55Z
dc.date2023-06-27T16:21:55Z
dc.date2023-06-27
dc.date.accessioned2026-07-01T00:34:39Z
dc.descriptionKenya’s economic performance softened in 2022, steering towards country’s long-term growth rate. Real GDP expanded by 4.8 percent in 2022, a deceleration compared with the strong rebound from the Covid-19 crisis at 7.5 percent annual growth in 2021 but broadly aligned with growth rates of Kenya’s potential GDP as well as of the pre-pandemic decade. The adverse weather shock of the last two years has been a major drag on economic growth, with growth in real GDP excluding agriculture standing at 6.3 percent in 2022. Besides, the impacts of tightening of domestic macroeconomic policies and challenging global financial conditions significantly hurt domestic economic activity, especially in the latter half of the year.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/099060523141041477/P17976900a185c0a608fc8057aefbd0539d
dc.identifierhttps://openknowledge.worldbank.org/handle/10986/39930
dc.identifier10.1596/39930
dc.identifier.urihttp://hdl.handle.net/123456789/406513
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rightshttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.rightsWorld Bank Group
dc.subjectGROWTH PROSPECTS
dc.subjectMONETARY POLICY
dc.subjectINFLATION
dc.subjectCARBON FOOTPRINT
dc.subjectAIR QUALITY
dc.subjectLOW-CARBON
dc.subjectDECARBONIZATION
dc.titleKenya Economic Update, June 2023 - Securing Growth
dc.titleOpportunities for Kenya in a Decarbonizing World
dc.typeReport

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