Macroeconomic Forecast Uganda

We expect the Ugandan economy to continue performing strongly over the coming years. Our forecasts for real GDP growth of 7.0% in FY2009/10 and 7.2% in FY2010/11 are based on expectations of robust private consumption, rising investment, and satisfactory fiscal management. Although an expected slowdown in the China and the US will not go unnoticed, the domestically driven nature of Uganda's economy will keep it relatively insulated.

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