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Kenya GDP growth to drop to 3% or less in 2020 due to novel coronavirus: finance minister

7 April 2020, 5:03 PM  |
Reuters Reuters |  @SABCNews
Kenya's acting Finance Minister Ukur Yatani speaks during a budget planning meeting in Nairobi, Kenya September 12, 2019.

Kenya's acting Finance Minister Ukur Yatani speaks during a budget planning meeting in Nairobi, Kenya September 12, 2019.

Image: Reuters

Kenya's acting Finance Minister Ukur Yatani speaks during a budget planning meeting in Nairobi, Kenya September 12, 2019.

Kenya’s economic growth will slow to 3% or less this year from an earlier forecast of about 6% due to the effects of the novel coronavirus, its finance minister said on Tuesday.

The finance ministry had earlier given a 6.1% growth forecast for 2020.

“This will drastically drop to about 3% or even less, but we are going to give a firm figure when we will have taken on board the impact of this, maybe in the next one month,” Ukur Yatani said in comments broadcast on privately-owned Citizen Television.

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