Impact of COVID -19 on Kenyan Economy
Posted on the Research and Innovation Blog by FA Joab O. Odhiambo
Since the first case of COVID-19 was reported in Kenya on March 13, 2020, the country just like other countries in the world, has been experiencing massive destruction of the economy in terms of GDP decline and job losses (Odhiambo et al. 2020). While the country had started experiencing the economic impacts prior to COVID-19, the emergence of virus has accelerated Kenya’s economic troubles.
How has COVID-19 has affected the Kenyan Economy? COVID-19 has negatively impacted the Kenyan economy as seen in the performance of the financial markets, disruption of global supply chains, volatility of the Kenyan currency, reduction in diaspora remittances, and reversal of prior monetary and fiscal policies.
Read more at https://uonresearch.org/blog/impact-of-covid-19-to-the-economy-of-kenya/
