- Category: News and Highlights
The Kenya Institute for Public Policy Research and Analysis (KIPPRA) announces the release of the Kenya Economic Report 2014. The Report is the sixth in a series of annual reports on the Kenyan economy prepared by the Institute.
The Kenya Economic Report (KER) 2014, whose theme is ‘Navigating Global Challenges While Exploiting Opportunities for Sustainable Growth’ analyzes the recent performance of the Kenyan economy and provides an assessment of the medium term prospects. In addition, the report highlights the key global and domestic challenges, and risks that need to be addressed or managed effectively so as to realize Kenya’s medium term growth potential.
The report underscores Kenya’s favourable growth prospects on account of improved macroeconomic stability, on-going upgrading of infrastructure and investment in irrigation, structural reforms following the implementation of the Constitution of Kenya, the discovery of oil and other minerals, regional integration that favours Kenya as a regional hub, and financial sector deepening. While growth for 2014 is projected at 5.1 per cent compared to the MTP II target of 7.2 per cent, the report argues for the need to develop a resilient and globally competitive economy as a strategy to navigate global challenges that may undermine Kenya’s growth prospects.
To download the publication click here