Tag Archives: economic growth

Frankfurt, Germany | Xinhua | The Euro on Wednesday briefly slipped below parity against the U.S. dollar in intraday trading after data released by the U.S. Department of Labor showed that the Consumer Price Index (CPI) surged 9.1 percent from a year ago in June. The exchange rate on Wednesday plunged …

Near-term macroeconomic outlook estimates growth at 3.7 percent in financial year 2022, which is lower than pre-COVID-19 projections of over 6 percent Kampala, Uganda | THE INDEPENDENT | New global shocks and the impacts of the Russia-Ukraine war has dampened Uganda’s economic growth prospects  amidst the waning coronavirus pandemic and …

The euro is within reach of five-year lows and seems increasingly will approach dollar-euro parity Rome, Italy | Xinhua | The euro has continued to weaken against the U.S. dollar, approaching its lowest level in five years, due mainly to the crisis in Ukraine and the sluggish economic growth in Europe. …

London, UK | Xinhua | While prices in Britain already rose at a pace never seen for decades this winter, a flare-up of the Russia-Ukraine conflict is expected to push the inflation even higher, with millions of households feeling the pinch. Many have slashed the forecasts for the country’s economic growth …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said he will engage the Speaker of Parliament to fast-track the amendment of the Umeme Act, and ensure that electricity goes directly from generation to the industrial consumer to spur economic growth through industrialization. “Power should go directly from generation to …

Dar es Salaam, Tanzania | Xinhua | The 25th Ordinary meeting of the East African Community (EAC) monetary affairs committee has said growth in the region recovered in 2021 to an average of 4.2 percent, the EAC said in a communique late on Friday. The communique released at the end of …

BoU says 2022 economic outlook is more positive than earlier projected Kampala, Uganda | JULIUS BUSINGE | There is good news from Bank of Uganda indicating a big rebound in economic growth in 2021, meaning Ugandans got more money in their pockets to buy goods and services. In its monetary …

But logistics industry executives see moderate-to-strong economic growth and little or no chance of recession in 2022 Kampala, Uganda | THE INDEPENDENT | Uganda is the least attractive economy to logistics providers, freight forwarders, air and ocean carriers, distributors and investors of the three main economies in the East African …

Nairobi, Kenya | Xinhua | East Africa’s economic growth is projected to rise to 4.1 percent in 2021, up from 0.4 percent in 2020, the African Development Bank (AfDB) said on Thursday. According to the East Africa Regional Economic Outlook 2021, the economic performance will be boosted by the ongoing global …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has revised its growth projections for this financial year. BoU says that all high-frequency indicators available show that the momentum of economic activity for the quarter to July 2021, subsided. The tourism sector was expected to grow much faster when Entebbe …