Vaccine would speed up recovery, Bank of Uganda reports
Higher levels of NPLs and high lending rates are hampering growth, report says, but vaccine could result in swift recovery
Uganda’s economy could recover “swiftly” if a Covid-19 vaccine is distributed widely across the globe in the coming months, according to a new report from the nation’s central bank.
The Bank of Uganda’s December monetary policy report notes the country’s economic outlook is “extremely uncertain” but in the near term, the outlook has “brightened”.
“Economic growth could recover swiftly if global economic growth strengthens, private sector credit recovery is sustained, and the vaccine is widely
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