Author Topic: Kenya economy under recession  (Read 2045 times)

Offline RV Pundit

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Kenya economy under recession
« on: May 05, 2023, 08:21:11 PM »
I am in one very popular bar..no people. Its a Friday but it worse than a Monday.

Offline RV Pundit

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Re: Kenya economy under recession
« Reply #1 on: May 05, 2023, 08:23:22 PM »
Okay waiter says its too early

Offline RV Pundit

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Re: Kenya economy under recession
« Reply #2 on: May 05, 2023, 08:24:25 PM »
What I have observed many small business have permanently shutdown since covid days.I see more shutting down

Offline RV Pundit

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Re: Kenya economy under recession
« Reply #3 on: May 05, 2023, 08:27:00 PM »
However coping mechanisms index of say crimes is low.

Offline patel

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Re: Kenya economy under recession
« Reply #4 on: May 05, 2023, 08:52:59 PM »
Kenya been under recession since 1963...

Offline sema

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Re: Kenya economy under recession
« Reply #5 on: May 05, 2023, 09:04:33 PM »
Quote
Kenya been under recession since 1963...

lol truth.

Is this bar in nairobi?

This is why I said they be must over 3 million kenyans today in the diaspora

Offline RV Pundit

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Re: Kenya economy under recession
« Reply #6 on: May 05, 2023, 09:45:38 PM »
It's going 10..no people

Offline RV Pundit

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Re: Kenya economy under recession
« Reply #7 on: May 05, 2023, 09:47:07 PM »
Kenya been under recession since 1963...
Not true. There are times kenya or US economy booms..you just maybe not perceptive..90s in kenya remain the worst

Offline RV Pundit

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Re: Kenya economy under recession
« Reply #8 on: May 05, 2023, 09:49:15 PM »
To precise..at almost 10..bar is half full..not much reserved seats
I am told cbc crew are paying fees.We who pay fortune in international school are in school

Offline RV Pundit

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Re: Kenya economy under recession
« Reply #9 on: May 05, 2023, 10:30:33 PM »
10.30 bar near full.So it appears kenya culture changing from old days.Most people look fresh. Like they went home first

Offline cookie1

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Re: Kenya economy under recession
« Reply #10 on: May 05, 2023, 10:40:58 PM »
Schools are opening next week. I know this mbecause i've ngotten several requests for ngoya (sic)

Offline RV Pundit

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Re: Kenya economy under recession
« Reply #11 on: May 05, 2023, 10:57:32 PM »
As I head home..kuna shida it's almost midnight

Offline hk

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Re: Kenya economy under recession
« Reply #12 on: May 05, 2023, 11:40:07 PM »
pundit anakunywa 1.7 lounge bypass kwa kamakis, kidding. lakini lots of upper middle class are shifting downwards to less expensive places. The guys who used to take jack D and martell are now taking "clear martell" (Gilbeys).

Offline Georgesoros

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Re: Kenya economy under recession
« Reply #13 on: May 06, 2023, 12:19:34 AM »
Recession is good because it re-invents the economy.

Offline RV Pundit

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Re: Kenya economy under recession
« Reply #14 on: May 06, 2023, 03:55:01 AM »
pundit anakunywa 1.7 lounge bypass kwa kamakis, kidding. lakini lots of upper middle class are shifting downwards to less expensive places. The guys who used to take jack D and martell are now taking "clear martell" (Gilbeys).
Not yesterday. I was at the Loft actually.When I need choma I go to 1.7  or Ashakis if I crave Uganda matoke I am yet find Uganda  type pork places....Kenya pork is unpalatable

Offline gout

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Re: Kenya economy under recession
« Reply #15 on: May 07, 2023, 05:09:33 PM »
We will have to come up with a term for what is happening currently.

It does not fit recession. It looks like stagflation- a recession and inflation for poor shithole on a debt treadmill.

Bureaucrats who should diet are putting crazy plan meals in budgets.
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine

Offline Georgesoros

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Re: Kenya economy under recession
« Reply #16 on: May 07, 2023, 06:04:59 PM »
If you are already invested, stagflation is bad. But for someone starting it gives them an opportunity to buy cheap. Also the era of cheap money if OUT.