The World Economic Update highlights the quarter’s most important and emerging trends. Discussions cover changes in the global marketplace with special emphasis on current economic events and their implications for U.S. policy.
This series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies and is dedicated to the life and work of the distinguished economist Martin Feldstein.
IMF optimistic about Kenyan economy
The Kenyan economy is expected to expand at the fastest rate compared to its African peers this year, even as households struggle to make ends meet. In its latest World Economic Update, the International Monetary Fund (IMF) says the country s economy is set to hit 7.6 per cent up from a negative growth last year.
The fund expects Kenya’s economic growth to rebound from a contraction of 0.1 per cent last year, aided by schools re-opening and the removal of Covid restrictions in July last year.
The new restriction measures imposed by President Uhuru Kenyatta in March will, however, have a negative effect on the economy in the financial year starting July 1, with the growth forecast expected to drop 5.7 per cent. According to the Sub Saharan Africa projections, Kenya s growth will be the fastest followed by Burkina Faso which is expected to rebound to 7.5 per cent from negative growth of 8.3 per cent last year. Niger and Mozambique will als
China GDP: economic recovery from coronavirus ‘increasingly visible’ as IMF lifts China, global outlook
China’s economy is now estimated to grow by 8.4 per cent in 2021, according to the International Monetary Fund (IMF), an increase of 0.3 percentage points from January’s prediction
Global growth is estimated to be 6.0 per cent in 2021, although concerns remain over the recovery speed of different economies, global vaccination roll-outs and unresolved trade tensions
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The World Economic Update highlights the quarter’s most important and emerging trends. Discussions cover changes in the global marketplace with special emphasis on current economic events and their implications for U.S. policy.This series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies and is dedicated to the life and work of the distinguished economist Martin Feldstein.