Kenya Economic Update, April 2017, No. 15: Housing - Unavailable and Unaffordable

doi:10.1596/26392

Publication:
Kenya Economic Update, April 2017, No. 15: Housing - Unavailable and Unaffordable

dc.contributor.author	World Bank Group
dc.date.accessioned	2017-04-18T21:52:36Z
dc.date.available	2017-04-18T21:52:36Z
dc.date.issued	2017-04
dc.description.abstract	Economic activity in Kenya remained robust in 2016. For the third consecutive year economic activity in Kenya picked-up, reaching an estimated 5-year high of 5.9 percent in 2016, once again placing Kenya among the fastest growing economies in Sub-Saharan Africa. Kenya's growth momentum in 2016 was supported by a stable macroeconomic environment, low oil prices, favorable harvest in the first half of 2016, rebound in tourism, strong remittance inflows, and an ambitious government infrastructure drive to relieve supply side constraints. Near term GDP growth is expected to dip on account of headwinds, however over the medium term GDP growth should pick-up. Given headwinds from the ongoing drought, weak credit growth, and the pick-up in oil prices, GDP growth is expected to decelerate to 5.5 percent in 2017, a 0.5 percentage point mark down from earlierforecasts. However, over the medium term, we expect these headwinds to ease (rains are expected to return to normal in 2017), and together with the projected steady strengthening of the global economy, rebound in tourism, resolution of some of the underlying causes of slow credit growth, and the easing of some supply-side constraints related to the completion of some major infrastructure projects, GDP growth is expected to accelerate to 5.8 percent and 6.1 percent in 2018 and 2019 respectively, consistent with the underlying growth potential of the Kenyan economy.	en
dc.identifier	http://documents.worldbank.org/curated/en/988191491576935397/Kenya-economic-update-housing-unavailable-and-unaffordable
dc.identifier.doi	10.1596/26392
dc.identifier.uri	https://hdl.handle.net/10986/26392
dc.language	English
dc.language.iso	en_US
dc.publisher	World Bank, Washington, DC
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	ECONOMIC OUTLOOK
dc.subject	MACROECONOMIC POLICY
dc.subject	FISCAL TRENDS
dc.subject	FINANCIAL MARKETS
dc.subject	ECONOMIC GROWTH
dc.subject	SERVICE SECTOR
dc.subject	RISKS
dc.subject	MONETARY POLICY
dc.subject	STABILILTY
dc.subject	PRODUCTIVITY
dc.subject	STRUCTURAL REFORM
dc.subject	HOUSING FINANCE
dc.title	Kenya Economic Update, April 2017, No. 15	en
dc.title.subtitle	Housing - Unavailable and Unaffordable	en
dc.type	Report	en
dc.type	Rapport	fr
dc.type	Informe	es
dspace.entity.type	Publication
okr.crossref.title	Kenya Economic Update, April 2017, No. 15
okr.date.disclosure	2017-04-07
okr.doctype	Economic & Sector Work::Economic Updates and Modeling
okr.doctype	Economic & Sector Work
okr.docurl	http://documents.worldbank.org/curated/en/988191491576935397/Kenya-economic-update-housing-unavailable-and-unaffordable
okr.guid	988191491576935397
okr.identifier.doi	10.1596/26392
okr.identifier.externaldocumentum	090224b084c09f42_2_0
okr.identifier.internaldocumentum	27339957
okr.identifier.report	114115
okr.imported	true
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/988191491576935397/pdf/114115-NWP-PUBLIC-add-series-86p-Kenya-Economic-Update-FINAL-Edition-15.pdf	en
okr.region.administrative	Africa
okr.region.country	Kenya
okr.topic	Finance and Financial Sector Development::Housing Finance
okr.topic	Urban Development::Urban Housing
okr.topic	Macroeconomics and Economic Growth::Economic Growth
okr.topic	Macroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topic	Macroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.unit	GMF - East Africa (GMF07)

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