Report

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

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collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.85
Economic Updates and Modeling
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.date.lastModified
2020-10-27T09:27:15Z
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.uri
http://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
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.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b084a99ff0_1_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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