COVID-19 AND THE ECONOMY

China which was the first country to be affected by the Corona virus  and is the world's second largest economy and is a global manufacturing hub and with the country in lockdown  a majority  of developed and developing countries are already experiencing the negative effects opf the virus due to disruption of the global global supply chain. In China the various numbers of the industrial production retails have been falling to 20%

                                             photo from google;how corona virus has slowed down the economy growth
According to the Organization for economic cooperation and development the world's economy is now projected to be growing by 2.4%from an estimated 2.9% in2019.

Kenya which mainly depends on  the imports from China where 21% of Kenya's total imports are form  China  has not been spared in this.With  the current lockdown activities within manufacturing sector  are likely to be disrupted.imports from china to kenya
In  the Kenyan stock market most foreigners who had already invested are now selling their stocks to other parts of the globe.This began immediately the virus began spreading.
When the first case was reported entry of stockmarkets began to decline for example  stocks for Safaricom declined within a day
The overall impact on the economy will depend on  what goverments will do.If the government decides to keep people at home in  order to stop the spread then the bigger the  effect on the economy. see also;impact of corona virus