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Kenya ready for take off
masukuma
#161 Posted : Saturday, February 28, 2015 4:53:35 PM
Rank: Elder

Joined: 10/4/2006
Posts: 13,823
Location: Nairobi
my take... 5% growth of a really small thing is nothing to write home about.
All Mushrooms are edible! Some Mushroom are only edible ONCE!
Alba
#162 Posted : Saturday, February 28, 2015 7:30:11 PM
Rank: Elder

Joined: 12/27/2012
Posts: 2,256
Location: Bandalungwa
limanika wrote:
Alba wrote:
Swenani wrote:
Alba wrote:
OK we need to be realistic here. How the heck can Kenya with a GDP growth rate of 5% and a GDP that is ranked number 87 in the world actually drive the global economy?

Think Think


We are talking in terms of the growth and not in terms of the size


But Kenya's economic growth has to do with driving the world economy. And a 5% GDP growth rate is not impressive when compared to other African nations.

When computing global GDP growth rate, its like they get the growth In % per country, add up and then get the average? If so, by achieving 6-7% we could really push the global economy upwards???


Kenya's GDP is so small that its like a drop in the ocean. Its like when a person goes to a Harambee and contibutes 100 bob whereas the guest of honor contributes millions. I fail to see how Kenya can power the global GDP.

China powers global GDP because many countries are dependent on China for trade. For example Australia sells a significant proportion of its raw minerals to China. And China is the biggest trading partner to the EU.

Who depends on Kenya for economic growth?

And once again, a 5% GDP growth rate is not that impressive when Tanzania and Ethiopia and other nearby nations have been growing at much faster rates.
Alba
#163 Posted : Saturday, February 28, 2015 7:31:48 PM
Rank: Elder

Joined: 12/27/2012
Posts: 2,256
Location: Bandalungwa
murchr wrote:
Alba wrote:
Swenani wrote:
Alba wrote:
OK we need to be realistic here. How the heck can Kenya with a GDP growth rate of 5% and a GDP that is ranked number 87 in the world actually drive the global economy?

Think Think


We are talking in terms of the growth and not in terms of the size


But Kenya's economic growth has to do with driving the world economy. And a 5% GDP growth rate is not impressive when compared to other African nations.


Read the article


I read the article. Its sensational and does not explain how Kenya can power the global economy. It puts Kenya at par with India which is laughable when you consider that India's GDP is about 40 times higher than Kenya.
murchr
#164 Posted : Saturday, February 28, 2015 8:21:48 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Alba wrote:
murchr wrote:
Alba wrote:
Swenani wrote:
Alba wrote:
OK we need to be realistic here. How the heck can Kenya with a GDP growth rate of 5% and a GDP that is ranked number 87 in the world actually drive the global economy?

Think Think


We are talking in terms of the growth and not in terms of the size


But Kenya's economic growth has to do with driving the world economy. And a 5% GDP growth rate is not impressive when compared to other African nations.


Read the article


I read the article. Its sensational and does not explain how Kenya can power the global economy. It puts Kenya at par with India which is laughable when you consider that India's GDP is about 40 times higher than Kenya.


You just dint understand it. Read again
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Alba
#165 Posted : Saturday, February 28, 2015 8:54:37 PM
Rank: Elder

Joined: 12/27/2012
Posts: 2,256
Location: Bandalungwa
I will not waste time reading it again.

Murchr if you cannot answer my question then leave the discussion to someone who can explain how Kenya will drive the global economy.
murchr
#166 Posted : Saturday, February 28, 2015 9:34:06 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Alba wrote:
I will not waste time reading it again.

Murchr if you cannot answer my question then leave the discussion to someone who can explain how Kenya will drive the global economy.


The question you are asking is irrelevant since you didn't get to understand the gist of the article
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Alba
#167 Posted : Saturday, February 28, 2015 9:52:54 PM
Rank: Elder

Joined: 12/27/2012
Posts: 2,256
Location: Bandalungwa
murchr wrote:
Alba wrote:
I will not waste time reading it again.

Murchr if you cannot answer my question then leave the discussion to someone who can explain how Kenya will drive the global economy.


The question you are asking is irrelevant since you didn't get to understand the gist of the article


OK fine you have made your point even though you havent actually said anything. If this makes you happy then good for you.

Let me give you a round of applause as you leave the podium Applause Applause Applause

Now let someone else answer the question: How does Kenya drive the global economy?
murchr
#168 Posted : Saturday, February 28, 2015 10:11:49 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Alba wrote:
murchr wrote:
Alba wrote:
I will not waste time reading it again.

Murchr if you cannot answer my question then leave the discussion to someone who can explain how Kenya will drive the global economy.


The question you are asking is irrelevant since you didn't get to understand the gist of the article


OK fine you have made your point even though you havent actually said anything. If this makes you happy then good for you.

Let me give you a round of applause as you leave the podium Applause Applause Applause

Now let someone else answer the question: How does Kenya drive the global economy?


Again, read the article keenly and you'll understand what the author actually means...ok?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Swenani
#169 Posted : Sunday, March 01, 2015 9:45:01 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

@Alba, I hope this helps you

Quote:
The world is expected to grow 3.2 percent in 2015 and 3.7 percent next year after expanding 3.3 percent in each of the past two years, according to a Bloomberg survey of economists. China, the Philippines, Kenya, India and Indonesia, which together make up about 16 percent of global gross domestic product, are all forecast to grow more than 5 percent in 2015.which combined account for about a quarter of global growth, are expected to grow 3.1 percent and 2.6


Quote:
By comparison, the U.S. and U.K., percent this year, respectively. The euro area probably will expand just 1.2 percent as European Central Bank President Mario Draghi deals with a fragile Greece and embarks on a bond-purchase program to stimulate the region's growth


Quote:
Nigeria, Africa's largest economy, is projected to expand 4.9


Alba, If Impunity got an A in Nyakemincha while the rest got D- and the school ended up having a mean grade of D+ we can therefore say that impunity was responsible for the improved performance of Nyakemincha.

Kama haujashikanisha bado,I will give you the same advice Kipchirchir gave you.Read the article again!
If Obiero did it, Who Am I?
Lolest!
#170 Posted : Sunday, March 01, 2015 9:49:09 AM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Swenani wrote:
Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

@Alba, I hope this helps you

Quote:
The world is expected to grow 3.2 percent in 2015 and 3.7 percent next year after expanding 3.3 percent in each of the past two years, according to a Bloomberg survey of economists. China, the Philippines, Kenya, India and Indonesia, which together make up about 16 percent of global gross domestic product, are all forecast to grow more than 5 percent in 2015.


Alba, If Impunity got an A in Nyakemincha while the rest got D- and the school ended up having a mean grade of D+ we can therefore say that impunity was responsible for the improved performance of Nyakemincha.

nice analogy @swenanismile
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