Will Kenya slip into a recession in 2009?
Let's just define recession as a contraction in REAL terms of the economy...
Tea prices had climbed but with the current financial problems facing Pakistan & UK... among the largest buyers of Kenyan tea, there has been a substantial drop in prices & volumes.
Tourism is likely to fall off as the financial crisis affects the travelers especially the budget travelers using credit cards.
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2008
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November
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- Land Theft - The Kibaki Years
- How the Kenyan government sabotages success at KQ
- Is Kenya headed for a recession?
- A fox guarding the hen-house
- JKIA is a dump...
- Why Kenya continues to lag...
- Nairobbery - Yes, we are back!
- Why do we import food from China?
- alfie 'foot-in-mouth' mutua calls Obama ignorant
- Big Governments & Corruption - Bedfellows
- Kenyan 'business' reporting - Pathetic or Worse?
- Obama Day? Stupid or merely Silly?
- Return of Big Government?
- Nairobi City Council - Bouquets & Barbs
- Kenya - No rule of Law
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November
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Sunday, November 23, 2008
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2 comments:
Yes.
Add to your bits;
Inflation; budget deficit; patchy rains; dollar strength; lower diaspora remittances.
Finally, lack of a dynamic economist at MoF.
Too late bwana. I think we are already in a recession but the lag in data is not showing it. Let's talk about how long before recovery.
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