Recent macroeconomic and financial developments

Kenya’s economy has been hurt by the COVID–19 pandemic. In 2020, GDP growth is expected to decelerate to 1.4% from 5.4% in 2019. Growth is supported by agriculture, while weaknesses in services and industry have had a dampening effect. Domestic demand is subdued while external demand has neither helped nor hurt growth.

AFRICAN ECONOMIC OUTLOOK 2021 

 

Source: AFDB Kenya Economic Outlook

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