Rapid Rate Hikes Hurt Emerging Markets: Njoroge

The video discusses the challenges faced by Kenya and similar emerging markets due to global events like COVID-19, the Ukraine war, and rising interest rates in developed countries. It highlights Kenya's resilience but also expresses concerns about the impact of these global policies on financial markets and borrowing capabilities.

What are some of the global events that have impacted emerging markets like Kenya?

• The discovery of new oil reserves

• COVID-19 and the war in Ukraine

• The rise of cryptocurrency

• The launch of new technology startups

What is one of the main concerns for policymakers in emerging markets?

• The decline in global tourism

• The rapid increase in interest rates in advanced economies

• The rise of social media influence

• The growth of e-commerce

How have emerging and frontier markets shown resilience?

• By increasing their exports

• By adopting new technologies

• By managing multiple global shocks

• By reducing their population growth

What is a significant challenge for Kenya in the capital markets?

• Lack of skilled labor

• Frozen financial markets

• High inflation rates

• Decreasing foreign investments

What potential risk is associated with the changes in financial markets?

• A decrease in global trade

• A rise in technological advancements

• A potential accident in the financial markets

• An increase in unemployment