Opinion: Inequality mars economic resilience – Bitange Ndemo

nairobi city county
[Image source: Stuart Price | Make it Kenya, Creative Commons via Flickr]
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Business Daily | by Bitange Ndemo


A report released by the Financial Sector Deepening Kenya (FSD Kenya) this month shows that Kenya’s economy remains resilient compared to many of its peers despite the challenges brought by Covid-19 pandemic. Despite the positive indications, the country’s growth trajectory is still uncertain given that Covid-19 may linger up to mid-2022.

Although the Treasury expects the economy to grow by 5.2 percent in 2021, some experts predict that it will expand at least by 4.5 percent while the more optimistic ones put it at 6.1 percent. According to the FSD Kenya report, ‘State of the Economy: Focus on the Impact of Covid on Women and Education’, the repercussions of a contracting economy will be dire since the most affected areas are labour-intensive and offer formal employment…

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

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