Views Article – Sharenet Wealth

Africa, News

Rwanda GDP growth slows to 3.6% in Q1 2020 from 6.1% in same period last year

NAIROBI (Reuters) – Rwanda’s economic growth slowed to 3.6% year-on-year in the first quarter of this year from 6.1% in same period last year, hit by effects of the novel coronavirus, the statistics office said on Friday.

The statistics office said on its Twitter account among the sectors whose performance deteriorated during the period include agriculture, industry and service. It said second quarter will be hit even harder, with recovery expected in the next two quarters.

Rwanda has 646 confirmed cases of COVID-19, with two deaths, according to health ministry data.

(Reporting by George Obulutsa)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.