Nipate

Forum => Kenya Discussion => Topic started by: RV Pundit on November 26, 2020, 09:19:30 AM

Title: Kenya economy to grow at 0.6%
Post by: RV Pundit on November 26, 2020, 09:19:30 AM

https://www.the-star.co.ke/business/kenya/2020-11-26-treasury-revises-kenyas-economic-growth-down-to-06/

Title: Re: Kenya economy to grow at 0.6%
Post by: hk on November 26, 2020, 09:55:14 AM

Quote from: RV Pundit on November 26, 2020, 09:19:30 AM

https://www.the-star.co.ke/business/kenya/2020-11-26-treasury-revises-kenyas-economic-growth-down-to-06/

This is just a forecast, the treasury geniuses had projected 2.6% growth back in august. The final number might be even worse than the current projections. Anyone in business  in kenya will tell you things deteriorated from August. A lot of customers are downgrading, businesses selling expensive goods and services or non essentials are in major trouble. The silver lining is businesses reliant on government are collapsing.

Title: Re: Kenya economy to grow at 0.6%
Post by: RV Pundit on November 26, 2020, 10:10:17 AM

Agreed. Recession is more than guaranteed. IMF will be running the show - with lots of painful reforms - including higher taxes.

Quote from: hk on November 26, 2020, 09:55:14 AM

This is just a forecast, the treasury geniuses had projected 2.6% growth back in august. The final number might be even worse than the current projections. Anyone in business  in kenya will tell you things deteriorated from August. A lot of customers are downgrading, businesses selling expensive goods and services or non essentials are in major trouble. The silver lining is businesses reliant on government are collapsing.