[Kipsang Joseph, StandardFreed from the chains of the Covid-19 pandemic, Kenyans are estimated to have created an additional Sh662.3 billion worth of goods and services last year. In his Budget speech on April 7, the National Treasury Cabinet Secretary Ukur Yatani noted that the gross domestic product (GDP) or the size of the national cake, is estimated to have expanded by 7.6 per cent last year. This means that workers and businesses churned out an average of Sh781 billion worth of products every month last year. This means that the size of the national cake shrank to Sh8.71 trillion compared to Sh8.74 trillion in 2019. The growth recorded was mainly as a result of the easing of Covid-19 containment measures that facilitated gradual resumption of economic activity, noted the national statistician.

Source: Standard Digital April 20, 2022 12:15 UTC