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 12 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.
