Publication:
Kenya Economic Update, June 2024: Fostering Trade for Robust Growth and Dynamic Job Creation

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-06-14T14:08:04Z
dc.date.available2024-06-14T14:08:04Z
dc.date.issued2024-06-14
dc.description.abstractTight monetary policies, restrictive financial conditions, and the slowdown of global trade continued to weaken global growth. Global economic growth declined in 2023 and is expected to decline further in 2024. Although the monetary tightening in advanced economies is expected to end and the global headline inflation has reduced, policy rates are expected to only decline gradually, as core inflation has been more persistent. Commodity prices declined in 2023 and are expected to decline further in 2024. At the regional level, growth in Sub-Saharan Africa is expected to rebound in 2024-2025 driven by a boost in private consumption from the reduction in inflation and increasing real incomes. However, tight monetary policies and fiscal consolidation efforts will keep investment and public consumption subdued in 2024 even as inflation declines. Fiscal balances are expected to improve in 2024 but external borrowing costs remain high.en
dc.identifierhttp://documents.worldbank.org/curated/en/099060424051072317/P1797691bf301a04d1a4b6114cf28701d1e
dc.identifier.doi10.1596/41706
dc.identifier.urihttps://hdl.handle.net/10986/41706
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectTRADE AND GROWTH
dc.subjectJOB CREATION AND JOB OPPORTUNITIES
dc.subjectFISCAL CONSOLIDATION
dc.subjectMONETARY AND FINANCIAL STABILITY
dc.subjectFISCAL BALANCE
dc.subjectMONETARY ANALYSIS
dc.subjectCOMMODITY AND RESOURCE PRICES
dc.subjectDECENT WORK AND ECONOMIC GROWTH
dc.subjectSDG 8
dc.titleKenya Economic Update, June 2024en
dc.title.subtitleFostering Trade for Robust Growth and Dynamic Job Creationen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleKenya Economic Update, June 2024: Fostering Trade for Robust Growth and Dynamic Job Creation
okr.date.disclosure2024-06-14
okr.date.lastmodified2024-06-04T00:00:00Zen
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099060424051072317/P1797691bf301a04d1a4b6114cf28701d1e
okr.guid099060424051072317
okr.identifier.docmidP179769-bf301ad1-569d-464d-a4b6-14cf28701d1e
okr.identifier.doihttps://doi.org/10.1596/41706
okr.identifier.externaldocumentum34333330
okr.identifier.internaldocumentum34333330
okr.identifier.report190872
okr.import.id4467
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099060424051072317/pdf/P1797691bf301a04d1a4b6114cf28701d1e.pdfen
okr.region.administrativeAfrica Eastern and Southern (AFE)
okr.region.countryKenya
okr.sectorCentral Government (Central Agencies)
okr.themeInclusive Growth,Economic Policy,Economic Growth and Planning,Macroeconomic & Structural Policy Modelling,Structural Transformation and Economic Diversification
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Commodities
okr.topicMacroeconomics and Economic Growth::Economic Modeling and Statistics
okr.topicSocial Protections and Labor::Employment and Unemployment
okr.unitEFI-AFR1-MTI-MacroFiscal-1 (EAEM1)
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