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Puzzle of Sh46 billion loans Kenya was to pay

Business survey indicates that economic outlook is downbeat

A SURVEY of 6,203 firms across the UK has revealed a downbeat outlook with no improvement in key economic indicators. One of the Quarterly Economic Survey indicators included nearly half of firms reporting decreases in domestic sales, while only 26 per cent reported an increase and 30 per cent reported no change. Suren Thiru, head of economics at the British Chambers of Commerce, said: “It indicates that economic activity was downbeat in the final quarter of 2020 as the re-introduction of tighter coronavirus restrictions weighed heavily on the key drivers.

Ibec forecasts economic growth of 0 8% for 2020

Business Editor The resilience of the Irish economy will mean it will grow by 0.8% this year, the country s largest business group has forecast in its latest Quarterly Economic Outlook. 2021 will still bring challenges, Ibec states, but nonetheless it expects Gross Domestic Product to power back and grow by 5.3%. Much of the recovery will be driven by continued export growth of 2.1% next year following a 5.3% increase in 2020, the organisation claims, as the sector continues to hold up well despite the Covid-19 pandemic. We look to be on course to be the only country in Europe with growing exports and potentially a growing economy in 2020, said Ibec chief economist Gerard Brady.

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