Publication:
Kenya Economic Update, June 2023 - Securing Growth: Opportunities for Kenya in a Decarbonizing World

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-06-27T16:21:55Z
dc.date.available2023-06-27T16:21:55Z
dc.date.issued2023-06-27
dc.description.abstractKenya’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.en
dc.identifierhttp://documents.worldbank.org/curated/en/099060523141041477/P17976900a185c0a608fc8057aefbd0539d
dc.identifier.doi10.1596/39930
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39930
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank Group
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
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 Growthen
dc.title.subtitleOpportunities for Kenya in a Decarbonizing Worlden
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleKenya Economic Update, June 2023 - Securing Growth: Opportunities for Kenya in a Decarbonizing World
okr.date.disclosure2023-06-27
okr.date.lastmodified2023-06-07T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/099060523141041477/P17976900a185c0a608fc8057aefbd0539d
okr.guid099060523141041477
okr.identifier.docmidP179769-0a185cfb-bf1c-41a6-8fc8-57aefbd0539d
okr.identifier.doihttp://dx.doi.org/10.1596/39930
okr.identifier.externaldocumentum34075005
okr.identifier.internaldocumentum34075005
okr.identifier.report182536
okr.import.id948
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099060523141041477/pdf/P17976900a185c0a608fc8057aefbd0539d.pdfen
okr.region.administrativeEastern and Southern Africa
okr.region.countryKenya
okr.region.geographicalEast Africa
okr.sectorCentral Government (Central Agencies)
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicEnvironment::Adaptation to Climate Change
okr.unitEFI-AFR1-MTI-MacroFiscal-1 (EAEM1)
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