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Kenya: Recent Economic Developments

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  • International Monetary Fund

Abstract

This paper reviews economic developments in Kenya during 1990–95. Real GDP growth decelerated from 4.3 percent in 1990 to close to zero in 1992/93. Inflation accelerated from 12 percent in the 12-month period ended December 1989 to 34 percent in March 1993. The central government’s budget deficit increased from 6.7 percent in 1989/90 to 11.4 percent of GDP in 1992/93. Broad money growth (M2) accelerated from 21 percent in the 12-month period ended December 1991 to 36 percent in March 1993.

Suggested Citation

  • International Monetary Fund, 1995. "Kenya: Recent Economic Developments," IMF Staff Country Reports 1995/133, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1995/133
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    Cited by:

    1. Rebecca Simson, 2020. "The Rise and Fall of the Bureaucratic Bourgeoisie: Public Sector Employees and Economic Privilege in Postcolonial Kenya and Tanzania," Journal of International Development, John Wiley & Sons, Ltd., vol. 32(5), pages 607-635, July.
    2. Agrell, Per J., 1999. "A Market-Oriented Approach for Multiple Objective Optimization in Agro-Ecological Land Use Planning," Unit of Economics Working Papers 24178, Royal Veterinary and Agricultural University, Food and Resource Economic Institute.

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