World Bank projects that Kenya’s poverty will fall to 33.4 percent in 2022, below the pre-crisis level of 34.4 per cent in 2019.
While the pandemic stalled growth in 2020, the economy has recovered, and output is well above pre-pandemic levels.
Kenya’s poverty rate is projected to drop to a five-year low in 2023 thanks to better weather and export growth, the World Bank has said.
It said that with GDP growth projected to average 5.2 per cent over the 2022-2024 window, growth in real per capita incomes will help reverse the rising poverty rates caused by the Covid-19 pandemic.
