Kenya’s economy shrinks by 0.3pc in year of Covid-19 pandemic

 

Kenya’s economy contracted by 0.3 per cent in 2020 compared to a 5 per cent growth in 2019, as it took a hit from the Covid-19 pandemic.

The economic Survey 2021 released on Thursday shows that accommodation and food serving activities, education, and professional and administrative service activities recorded significant declines in 2020.

This comes at a time when Kenya rebased its economy in a move that has seen the economy expand to Sh10.753 trillion in 2020 compared to Sh10.256 trillion in 2019.    BY DAILY NATION