Kenyan economy to continue recovering but only under compelling conditions

Kenya's continued recovery trajectory in 2022 would be supported by several factors, among them, improved business recovery According to Cytonn, there will be a recovery of businesses from the adverse effects of the pandemic, owing partly to the continued reopening of external trading partners The gradual increase in access to affordable credit will also support the economy’s continued recovery The Kenyan economy may continue its recovery trajectory with the projected GDP growth expected at a range of 4.3 per cent - 4.7 per cent. A report by Cytonn Investments indicates that the growth will be on the back of gains made in 2021. Using data from the Kenya National Bureau of Statistics, the investment firm says the average GDP growth rate for the three quarters in 2021 is 6.9 per cent, an increase from the 0.8 per cent contraction recorded during a similar review period in 2020.  The average GDP growth rate for 2021 will be 5.9 per cent, significantly improving from the 0.3 per cent contraction witnessed in 2020. Next chapter  The Cytonn 2022 Markets Outlook report said the continued recovery trajectory this year would be supported by several factors, among them, improved business recovery. According to Cytonn, there