Quarterly Market Analysis Report July-October 2020
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2020Author
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KIPPRA Publicationsviews
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Kenya Institute for Public Policy Research and Analysis (KIPPRA)
Abstract/ Overview
The COVID-19 pandemic remains a major downside risk to global economic activity. Advanced economies are projected to contract by 8 per cent and emerging markets and developing economies by 3 per cent growth in 2020. Kenya’s economy contracted by 5.7 per cent in the second quarter of 2020, resulting in an average -0.4 percent half year growth rate. The overall inflation in Kenya declined from a high of 7.7 per cent in January to 4.8 per cent in October 2020. A general decline in prices was experienced in food and non-alcoholic beverages, housing and utilities, health, clothing and footwear while fuel inflation took a gradual increase occasioned by rise in crude oil and subsequent increase in local pump prices. The short rains in the next quarter are expected to maintain food prices stable...
Further Details
A Quartely Market Analysis Report July- October 2020.
Publisher
The Kenya Institute for Public Policy Research and Analysis (KIPPRA)Series
Market Analysis 2020;Collections
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