Economy forecast to expand at slowest pace in decades

National Treasury building in Nairobi. FILE PHOTO | NMG

Kenya’s economy will likely grow at slowest pace in nearly two decades in 2020 on the back of Covid-19 shocks, a consensus outlook from 16 global banks, consultancies and think-tanks suggests.

Global economists see economic activity expanding 1.1 per cent this year, the slowest growth since 2002 (0.5 per cent growth) when the country was heading to presidential polls that ended the 24-year rule of President Daniel Moi.

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