Business Daily | by Constant Munda
The Treasury has downgraded Kenya’s growth forecast for this year to 0.6 per cent amid the economic fallout from the Covid-19 pandemic — making it the lowest expansion in 21 years.
Cabinet Secretary Ukur Yatani said the impact of the Covid-19 on families, businesses and economic activities has been worse than earlier expected, prompting a further slash on growth forecast set at 2.6 per cent in September.
Mr Yatani said the 5.7 per cent slump in gross domestic product (GDP) in the second quarter was particularly worse than earlier estimates…
