Monday, 5 January 2009

Uganda on course for 7pc growth in 2009

Uganda is projected to scrape through 2009 relatively unscathed by the global financial crisis, which is expected to have minimal impact on growth, although export revenue and remittances are likely to suffer as a result of a fall in consumer demand in major economies.

According to a cross section of economic players The EastAfrican spoke to, economic growth is projected to drop to 7 per cent in 2009, down from 8 per cent predicted in October last year, while inflation and interest rates will similarly come under upward pressure. Read more

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