Macroeconomic Forecast Shilling Pains Exporters

November 2007 | Macroeconomic Forecasts

BMI View: Ongoing shilling strength against the US dollar will likely cause Kenyan exporters some pain, as their goods become increasingly uncompetitive in the global marketplace. We anticipate a worsening of the current account balance, from an estimated deficit of 2.3% of GDP in 2007, to 3.4% of GDP in 2008.

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