Business Daily | by Constant Munda
Kenya’s economy contracted by 5.7 percent in the second quarter of this year, the deepest in nearly two decades, hit by the economic fallout from the Covid-19 pandemic.
This is the only quarter-two GDP contraction ever registered since 2001 — according to available data by the Kenya National Bureau of Statistics(KNBS)—signalling the impact of the pandemic on key economic sectors such as transport, manufacturing and hospitality.
The KNBS data further shows it is the steepest quarter-on-quarter GDP shrink since the third -quarter of 2002…
