Why economists think Ruto's address was way off the mark

President William Ruto. [PCS]

On Sunday evening, President William Ruto painted the picture of an economy that had been on the verge of collapse but is now starting to turn the corner.

While acknowledging he had made unpopular decisions that made life worse for Kenyans last year, the President in his New Year's address, noted that these were painful in the short term but would bring about gains in the long term. He said the painful decisions had rescued Kenya from economic paralysis and propelled the country towards a bright future.