Africa's projected gross domestic product growth of 3.2 per cent for 2020 is now expected to fall further to -0.8 per cent due to prolonged partial and total lockdown of countries brought on by the Covid-19 pandemic.
Kenya’s projected GDP growth in 2020 will fall to one per cent from 5.7 per cent, due to a decline in tourism, export revenues and disruption in the supply chain.
Disruption in the supply chain for key inputs in machinery and chemicals is about 30 per cent, decline in imports from affected countries is down to an estimated 3.1 per cent, and the tourism sector has recorded a 20 per cent decline as a result of a standstill in the global aviation industry in the past three months.
In Tanzania, the economic growth projection has been revised downwards, mostly because of a waning demand for mineral exports due to global supply chain interruptions.
However, following the impact of the Covid-19 pandemic, the country’s economic growth is expected to decline to two per cent this year.
