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{
    "id": 1493350,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1493350/?format=api",
    "text_counter": 191,
    "type": "speech",
    "speaker_name": "Kiharu, UDA",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": null,
    "content": " I was just trying to say that the laboratory of economics is history. The only place to see how things work is to look at how they have worked before. If you compare democratic regimes in terms of the Democrats and the Republicans, you will find that when Republicans are in power in the USA, the economies of the global south perform better. After the win by the Republicans, we saw a positive response in the markets in the USA and across the world. However, there is only one pitfall. As I finish, again when there are sentiments of a strengthening economy in the USA, the dollar tends to become stronger. Unfortunately, when the dollar becomes stronger, it means it is in respect to other currencies, but I want to report to this House that even looking at the tendency of the Kenya shillings against the greenback from yesterday, it shows the Kenyan fundamentals have been grounded and even when the dollar is strengthening, our shilling is also strengthening. Lastly, we also hope that the USA will not bring about a lot of economic wars, especially with China. We do not expect to see tariff wars because they also affect our economies. So, we expect that going forward, we will see sunshine where the same USA The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}