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Economist pokes holes in Uganda’s growth projections

Reporter by Reporter
February 21, 2018
in Business, National News
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Economic experts warn on Uganda’s 14 trillion debt
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By Samuel Ssebuliba

Economists have predicted a slow economic growth for Uganda despite a promising recovery this financial year.

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No tax increment in next budget reading- Minister Kasaija

Turkey ready to support Uganda

The February macroeconomic economic update from bank of Uganda showed that Uganda’s economy will grow by 5.5% compared to the 3.9% growth registered in the year 2016-2017.

According to Ramadan Goobi a renowned economist, even though Uganda’s economy looks promising, the current economic trends show that recession is still in sight.

He says some of the earlier assumptions are slowly changing like stable fuel prices thus hoping for such a high end growth is unrealistic.

Reporter

Reporter

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