Economic growth is expected to drop to 1.5% in 2020, and contract 1% in the worst-case scenario under the impact of the coronavirus outbreak. Last January, the World Bank forecasted a 6% economic growth in Kenya, East Africa’s largest economy.
Kenya has suspended commercial flights, imposed a curfew and banned public gatherings. It has also halted movement in the five most affected regions, including the capital Nairobi.
Tourism and horticulture, foreign exchange earners and major employers are some of the sectors most affected by the outbreak-induced slowdown.
According to the World Bank, Kenya’s economic growth could rebound to 5.2% in 2021 if its virus containment measures are ease by H2 2020.
Source : Reuters Africa
