The World Bank has predicted Kenya’s economy to grow at 6.9 per cent in 2021.
It said continued support from lenders in terms of public health interventions to the private sector was likely to spur Kenya’s strong economic growth.
Yatani said Kenya’s tourism, trade, transport, educational, and manufacturing sectors were adversely affected by COVID-19, the locust invasion as well floods in 2020, but the country managed nonetheless to register a growth of 0.6 per cent on the back of a strong performance by the agricultural sector as a result of good rainfall.
He said the budget deficit for 2020/21 is at 8.7 per cent of Gross Domestic Product (GDP) but will contract to 7.5 per cent of GDP in 2021/22 and settle at 3.6 per cent of GDP.
Kenya forecasts economy to grow by 7% in 2021
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
PPADB appeals Leburu s judgement on Tshesebe road
botswanaguardian.co.bw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from botswanaguardian.co.bw Daily Mail and Mail on Sunday newspapers.