The rapid geographical spread of the coronavirus and the high infection rates have spread fear around the globe disrupting global economic activities. According to the Organization for Economic Cooperation and Development (OECD), the world economy is projected to grow by 2.4%, from an estimated 2.9% in 2019, the slowest pace since 2009, during the 2008/2009 financial crisis.
The virus has affected both developed and developing countries in terms OF:
- International Trade
- Financial and Commodity Markets
- Macroeconomic Indicators
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The Effects so Far in the Kenyan Economy
The first case of Coronavirus infection within Kenya’s borders was reported on the 13th of March 2019. Despite this, the country had already begun experiencing the adverse economic effects of the pandemic.
- Financial Markets
- Disrupted Supply Chains
- Macroeconomic Impact on Key Sectors of the Economy
- Among Others
We at Quoan Dzine have been working around the clock to provide solutions for all our clients based on all the above. We have come up with solutions for every sector that will be beneficial and will work based on on regulations and protocols that the government of Kenya has given. Contact us to find out more about this, and how we can help you take all the necessary steps, in ensuring your business growth.