Kenya’s economy will likely grow at slowest pace in nearly two decades in 2020 on the back of Covid-19 shocks, a consensus outlook from 16 global banks, consultancies and think-tanks suggests.
Global economists see economic activity expanding 1.1 per cent this year, the slowest growth since 2002 (0.5 per cent growth) when the country was heading to presidential polls that ended the 24-year rule of President Daniel Moi.
This suggests that the global coronavirus pandemic shocks will hammer the economy harder than the twin shocks of deadly post-election skirmishes and global financial crisis which cut Kenya’s growth to 1.5 per cent in 2008 from 6.9 per cent the previous year. Reference:https://www.businessdailyafrica.com/economy/Economy-forecast-to-expand-at-slowest-pace/3946234-5599480-lm3imv/index.html
