Kenya Economic Update, April 2020 : Turbulent Times for Growth in Kenya -- Policy Options during the COVID-19 Pandemic
The COVID-19 (coronavirus) global pandemic will have a large negative impact on the Kenyan economy. Even before being affected by the novel coronavirus, Kenya's economy had decelerated. The World Bank estimates that GDP growth in 2019 was abou...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/683141588084127834/Kenya-Economic-Update-Turbulent-Times-for-Growth-in-Kenya-Policy-Options-during-the-COVID-19-Pandemic http://hdl.handle.net/10986/33673 |
| Summary: | The COVID-19 (coronavirus) global
pandemic will have a large negative impact on the Kenyan
economy. Even before being affected by the novel
coronavirus, Kenya's economy had decelerated. The World
Bank estimates that GDP growth in 2019 was about 5.6
percent, down from 6.3 percent in 2018. The COVID-19
(coronavirus) shock is expected to further reduce growth in
2020 with large impacts on services (transport, retail
trade, tourism, events, leisure, etc.), industry
(manufacturing and construction), and agriculture. The
health system is facing an unprecedented challenge to
contain the spread of COVID-19 (coronavirus) and care for
the infected. In addition, measures taken to slow down the
rate of infection, including home confinement, travel
restrictions, the closure of schools and entertainment
spots, the suspension of public gatherings and conferences,
and a nightly curfew, are expected to affect both production
and consumption across the economy. |
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