Macroeconomic Forecast Uganda

July 2008 | Macroeconomic Forecasts

Uganda's Tourist Board expects tourism receipts to exceed US$500mn in 2008, up 5% on 2007. Tourism receipts exceed those from coffee, but this increase in visitor income may not offset a possibly larger fall in coffee output, the largest single goods export. As such, our forecast is for Uganda's trade deficit to continue to widen to around US$1.9mn in 2008 and to US$2.1 the following year.

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