Economic growth drops by 5.5pc amid Covid crisis



People Daily | by Mercy Mwai


The Covid-19 pandemic that hit the country last year has negatively affected all sectors of the economy, chopping 5.5 per cent off the economy in the second quarter of 2020.

A report by the National Treasury dubbed the Status of the Economy, shows that Covid-19 knocks saw Gross Domestic Product (GDP) growth decreased by 5.5 per cent in the second quarter and 1.1 per cent in the third quarter of 2020, compared to an expansion of 5.3 per cent in the second quarter of 2019…

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nairobi city county
[Image source: Stuart Price | Make it Kenya, Creative Commons via Flickr]

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