KENYA: Al-Shabaab’s impact on the economic and fiscal outlook

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● Despite a surge in US air strikes, al-Shabaab shows a hardened resolved in Somalia and appears to step up its game in Kenya. ● The impending AMISOM troop withdrawal from Somalia will put additional pressure on Kenya’s budget as the Kenya Defence Forces will need to take on more responsibility. ● The tourism sector’s persistent underperformance is likely to continue amid the continuous terrorist threat.   Somalia-based Islamist militant group, al-Shabaab, which is linked to the Salafist (Sunni) jihadist network of al-Qaeda, is showing remarkable resilience in vi
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🧮[CUENTAS FISCALES]

🔶 En septiembre aceleró el gasto primario (71.6% a/a vs 56.9% en ago), impulsado por fuertes subas en subsidios económicos (224.7% a/a)
🔶Ingresos avanzaron 34.3% a/a, aún debajo de la inflación
🔶El déficit primario acumulado alcanzó 4.9% del PBI

@kiguel

Andrés Borenstein @Coloboren, profesor de la Escuela de Negocios #UTDT, fue entrevistado en @cnnradioarg sobre las últimas medidas dictadas por el Banco Central, el Ministerio de Economía y la Comisión Nacional de Valores. cc @BajoConsumo https://bit.ly/3dIq1iQ

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EL IOC CAE 10% EN OCTUBRE
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