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Kenya’s economy to bounce back this year but still vulnerable – World Bank

Kenya’s economy to bounce back this year but still vulnerable – World Bank

KENYA’S economy will grow by 4.5% this year as vaccinations and lockdown easing help it recover from a coronavirus-induced slump last year, although it still remained highly vulnerable to the pandemic, the World Bank has said. Growth for the East African nation which relies on farming and services like tourism, is expected to climb to above 5% in the subsequent two years, the bank said in a biannual report. The projection for this year's growth is based on firms boosting production and investments as lockdown measures are lifted, a slight recovery in the services sector due to vaccinations, and adequate…
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