Investor Update Webinar – Seizing Opportunities Amid Covid-19 Puzzle

GDP expanded by 5.4% in 2019 compared to 6.3% in 2018 on the account of a general economic slowdown. Agriculture and manufacturing sectors’ growth slowed down during the period under review to 3.6% and 3.2% from 6.0% and 4.3%, respectively in 2018. Service sector remained resilient during the period under review growing by 6.6%

Growth is expected to be dampened further in 2020 on account of negative effects attributable to the COVID-19 pandemic. The Treasury forecasts growth to come in at 3%, the IMF at 1.0% and the World Bank at 1.5% while in-house we project a base case growth of 1.5%