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Kenya’s GDP could grow by paltry 1.8 per cent this year
Kenya is a country in East Africa with coastline on the Indian Ocean. It encompasses savannah, lakelands, the dramatic Great Rift Valley and mountain highlands. It's also home to wildlife like lions, elephants and rhinos. From Nairobi, the capital, safaris visit the Maasai Mara Reserve, known for its annual wildebeest migrations, and Amboseli National Park, offering views of Tanzania's 5,895m Mt. Kilimanjaro.
By Bernard Gitonga
Kenya’s projected economic growth could decline to a lower 1.8 per cent from last week’s projection of to 2.5 per cent this year, compared with 5.4 per cent growth seen last year as key sectors of the economy continue to reel from effects of the coronavirus pandemic.
“The COVID-19 is a serious global problem. For us, we are estimating about 2.5 per cent, but can go lower than that, to 1.8 per cent growth if the situation persists,” Ukur Yatani was quoted by Reuters.
“It is affecting every segment, every sector of the economy … there are loss of jobs, loss of earnings, and there is general slackness of growth at all levels. This might actually persist for a long time,” he said.
In early April, the government had forecast the economy would grow by 3 per cent or less this year from an earlier forecast of 6.1 per cent because of the effects of the novel coronavirus.