Macroeconomic Forecast Uganda

February 2008 | Macroeconomic Forecasts

We expect real GDP growth to stay robust in 2008 and 2009, with our current projections standing at 7.2% and 7.3%, respectively. In our view, a strong macro environment, in particular a relatively stable inflation rate and a robust currency, will be the main drivers of solid economic expansion. However, aside from worsening power shortages, the political crisis in Kenya risks of weighing on Uganda's solid growth outlook over the course of 2008.

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