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What is Kenya Poverty Report Insights 2021 about?

Kenya has a market-based, mixed economy that is still developing industrially. The economy grew by 6.7% in 2021, poverty declined slightly, and unemployment fell. Agriculture contributes about 33% to the economy. Inflation rose to 9.5% in 2022 due to high food and fuel prices. Monetary and fiscal policies aim to control inflation and reduce the budget deficit. Foreign exchange reserves are projected to increase in coming years as Kenya remains open to international trade.

Author

Nikhil

Language

EN