NKC African Economics - Daily Brief 19 Nov 2020

Nov 19, 2020


Total industrial output in Rwanda rose by 6.1%, the first positive growth reading since February, with production increasing by 4.7% on a m-o-m basis in September. Rwanda endured a devastating blow to economic activity during H1, with real GDP having contracted 12.4% y-o-y in Q2. East Africa was among the first regions to show signs of strain after Covid-19 hit. Chinese port closures in February and March meant that trade-dependent countries, including regional anchor Kenya, were quick to feel the indirect impact of Covid-19, particularly due to their dependence on input goods from China. Rwanda imposed the continent’s first national lockdown in March, while other East African states were also quick to enforce various restrictive measures.

Read the full research briefing: https://www.linkedin.com/smart-links/AQE-9E2KCktxVQ


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