Why Kenyans are pessimistic of 2024 - Poll

Majority fear that the economy will worsen next year.

In Summary
  • Some 84 per cent of Kenyans said they are pessimistic about next year because they believe the economy will get worse.
  • Of those who said next year will be better, 77 per cent attributed this to an improved economy.
County health workers waving at President William Ruto inside the Kericho Stadium during Mashujaa Day celebrations on October 20, 2023
County health workers waving at President William Ruto inside the Kericho Stadium during Mashujaa Day celebrations on October 20, 2023
Image: PCS

Majority of Kenyans are pessimistic about 2024 because they fear that the economy will worsen next year.

According to a report released on Friday by Infotrak, 84 per cent of Kenyans said they are pessimistic about next year because they believe the economy will get worse.

Some 13 per cent of those who said they are less hopeful about 2024 said their view was informed by the fear that their businesses will suffer.

At least 12 per cent said they are less hopeful because they think their finances will get worse while 8 per cent attributed this to fear of failing to get a job.

Some 3 per cent of the respondents said they fear 2024 will be worse because they fear they will be retrenched.

Of those who said next year will be better, 77 per cent attributed this to an improved economy.

Some 22 per cent said they are optimistic because they hope the country will continue to witness development while 13 per cent said their businesses will expand and grow.

At least 8 per cent of the respondents said they hope 2024 will be better because they hope their finances will improve while five per cent said there will be enough food.

Some 4 per cent of the respondents said they hope for the better because they trust in God, 3 per cent will get a job while 2 per cent will get a better job.

Some 1 per cent hope for the better because the government will fight corruption while the same per cent attributed this to the government paying debts.

The survey sampled 1500 to represent the universe of adult Kenyans above 18 years old at the time of the survey.

The sampling frame was designed using population proportionate to size (PPS) guided by the 2019 census.

The survey covered all 47 counties and the eight regions of Kenya with the distribution of the survey sample proportionately allocated.

The margin or era was ±2.53 at 95 per cent with a response rate of 94 per cent.The quantitative data was processed and analysed using SPSS version 26 statistical software due to its high accuracy and reliability.

The quantitative interviews were conducted through Computer Assisted Telephone Interviews (CAT).

 

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