Why Kenya’s policy mix lacks balance

Managing the economy is a policy balancing act, akin walking on a tightrope.

A few days ago, I was asked on TV to offer my opinion on why Kenyans are angry with the current administration. Economic fallout, I replied, and then explained. Although the increase in general prices (inflation) has slowed down considerably, prices across all goods and services are higher than they were three or four years ago.

Moreover, peoples' real incomes have not increased sufficiently to enable them recover lost ground. When the citizen goes in search of groceries, or pays for other typical household needs, they find that their budget can buy much less compared to two or three years ago for the same amount.

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Note: The results are not exact but very close to the actual.