2019: A bad year that spilt over into 2020

NSE market watch board at Nairobi securities Exchange in Nairobi. [Jonah Onyango/Standard]

While 2020 is by all indications likely to be the worst year for the global economy in history in the wake of the coronavirus pandemic, 2019 will probably come a close second.

For starters, the global real Gross Domestic Product (GDP) recorded a decelerated growth of 2.9 per cent last year compared to a growth of 3.5 per cent in 2018, according to new official figures.