Covid-19 wipes out 737,000 jobs as economy slows to -0.3 per cent

A woman sleeps while selling second-hand clothes at Kisii Bus Station on 25/8/2021. The Covid-19 pandemic has seen many Kenyans are hard hit economically with most traders recording low sales. [Sammy Omingo, Standard]

 

Kenya’s economy contracted by 0.3 per cent in 2020 on the back of the Covid-19 pandemic that led to the worst economic crunch the country has recorded in over two decades. The size of the economy last year shrank to 8.71 trillion from Sh8.74 trillion in 2019. This means that the economy lost goods and services worth Sh27.6 billion.