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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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	ECONOMIC GROWTH ECONOMIC OUTLOOK FISCAL TRENDS PUBLIC DEBT FOOD SUPPLY CHAIN EXTERNAL BALANCE COVID-19 CORONAVIRUS HEALTHCARE SYSTEM POVERTY VULNERABLE POPULATION SOCIAL PROTECTION JOBS MONETARY POLICY FISCAL POLICY GLOBAL ECONOMIC CRISIS GLOBAL RECESSION
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

id	okr-10986-33673
recordtype	oai_dc
spelling	okr-10986-336732021-09-16T18:05:10Z Kenya Economic Update, April 2020 : Turbulent Times for Growth in Kenya -- Policy Options during the COVID-19 Pandemic World Bank ECONOMIC GROWTH ECONOMIC OUTLOOK FISCAL TRENDS PUBLIC DEBT FOOD SUPPLY CHAIN EXTERNAL BALANCE COVID-19 CORONAVIRUS HEALTHCARE SYSTEM POVERTY VULNERABLE POPULATION SOCIAL PROTECTION JOBS MONETARY POLICY FISCAL POLICY GLOBAL ECONOMIC CRISIS GLOBAL RECESSION 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. 2020-05-01T16:41:49Z 2020-05-01T16:41:49Z 2020-04-29 Report 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 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Africa Kenya
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH ECONOMIC OUTLOOK FISCAL TRENDS PUBLIC DEBT FOOD SUPPLY CHAIN EXTERNAL BALANCE COVID-19 CORONAVIRUS HEALTHCARE SYSTEM POVERTY VULNERABLE POPULATION SOCIAL PROTECTION JOBS MONETARY POLICY FISCAL POLICY GLOBAL ECONOMIC CRISIS GLOBAL RECESSION
spellingShingle	ECONOMIC GROWTH ECONOMIC OUTLOOK FISCAL TRENDS PUBLIC DEBT FOOD SUPPLY CHAIN EXTERNAL BALANCE COVID-19 CORONAVIRUS HEALTHCARE SYSTEM POVERTY VULNERABLE POPULATION SOCIAL PROTECTION JOBS MONETARY POLICY FISCAL POLICY GLOBAL ECONOMIC CRISIS GLOBAL RECESSION World Bank Kenya Economic Update, April 2020 : Turbulent Times for Growth in Kenya -- Policy Options during the COVID-19 Pandemic
geographic_facet	Africa Kenya
description	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.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Kenya Economic Update, April 2020 : Turbulent Times for Growth in Kenya -- Policy Options during the COVID-19 Pandemic
title_short	Kenya Economic Update, April 2020 : Turbulent Times for Growth in Kenya -- Policy Options during the COVID-19 Pandemic
title_full	Kenya Economic Update, April 2020 : Turbulent Times for Growth in Kenya -- Policy Options during the COVID-19 Pandemic
title_fullStr	Kenya Economic Update, April 2020 : Turbulent Times for Growth in Kenya -- Policy Options during the COVID-19 Pandemic
title_full_unstemmed	Kenya Economic Update, April 2020 : Turbulent Times for Growth in Kenya -- Policy Options during the COVID-19 Pandemic
title_sort	kenya economic update, april 2020 : turbulent times for growth in kenya -- policy options during the covid-19 pandemic
publisher	World Bank, Washington, DC
publishDate	2020
url	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
_version_	1764479288796512256

Kenya Economic Update, April 2020 : Turbulent Times for Growth in Kenya -- Policy Options during the COVID-19 Pandemic

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