Uganda’s growth unlikely to return to pre-pandemic levels until 2024
Central bank governor says tourism sector has been hit by Covid containment measures
Uganda’s economic activity is expected to remain well below pre-pandemic levels for an “extended time”, the governor of the country’s central bank says.
The Bank of Uganda’s latest forecasts, released on August 12 as part of the monetary policy decision, show economic growth between 3.5% and 4% for the 2021–22 financial year.
Governor Emmanuel Tumusiime-Mutebile said the second Covid-19 wave and national containment measures had interrupted Uganda’s economic recovery. Economic growth is only
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