Author Topic: Kenya economy to grow at 0.6%  (Read 2484 times)

Offline RV Pundit

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Kenya economy to grow at 0.6%
« 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/

Offline hk

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Re: Kenya economy to grow at 0.6%
« Reply #1 on: November 26, 2020, 09:55:14 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.

Offline RV Pundit

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Re: Kenya economy to grow at 0.6%
« Reply #2 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.
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.