Instead of seeking a new, disruptive framework, we should focus on making incremental changes COMMENT | URS ROHNER | Respected economists have long pointed out that gross domestic product is an inadequate measure of economic development and social well-being, and thus should not be policymakers’ sole fixation. Yet we have not gotten …
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Kampala, Uganda | AGENCIES | World Bank says growth higher than stated Large scale urbanisation has already taken place in Rwanda, with the pace of it much faster than official records suggest because the definition of urban areas needs refining. Urbanisation appears to have had a positive impact on structural …
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Abidjan, Ivory Coast | THE INDEPENDENT | The latest African Economic Outlook (AEO) report indicates that foreign direct investment (FDI) flows following the recent issuance of oil exploration licenses and the investment in infrastructure development is expected to spur Uganda’s economy for most of 2018. The African Development Bank 2018 …
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Unlocking economic growth by breaking through both cost and planning barriers of physical infrastructure COMMENT | FARHAD KHAN | The African Development Bank projects that Uganda’s GDP will grow from 5.1% in 2017 to 5.8% in 2018. Among other factors, the government has highlighted the role of information communications technology (ICT) as …
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Changes to how wealth is generated and distributed require new social contract for a digital age COMMENT| Manuel Muñiz | Macroeconomic data from the world’s advanced economies can be mystifying when viewed in isolation. But when analysed collectively, the data reveal a troubling truth: without changes to how wealth is …
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But experts wonder if economy can survive local and regional political turmoil Kampala, Uganda | JULIUS BUSINGE | There is some good news for Uganda’s economy finally. The Central Bank’s latest annual report shows a sharper GDP growth in 2016/17 than had earlier been estimated. The FY2016/2017 growth figures released on …
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Washington, United States | AFP | The US economy grew at its fastest pace in more than two years in the second quarter, hitting President Donald Trump’s goal for the first time since he took office, according to data released Wednesday. Higher consumer spending and business investment prompted a sharp …
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Beijing, China | AFP | China’s economy lost momentum in the second quarter, a survey shows, as Beijing’s efforts to curb risky lending and investment took a toll on the Asian powerhouse. The world’s second-largest economy expanded by 6.8 percent in the April-June period, compared with a year ago, according …
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Pretoria, South Africa| Jakkie CILLIERS | ISS TODAY| As part of the ‘Africa rising’ narrative, much has been made of the continent’s growth story. The global recession of 2007/8 hit Africa hard, but it remained remarkably resilient, with growth forecast to 2030 at around 1.3% faster than average growth rates …
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The International Monetary Fund (IMF) expects Uganda’s gross domestic product growth to record anywhere between 3.5%-4% in FY2016/17, lower than 5% that had earlier been projected. This was announced on Tuesday by Axel Schimmelpfennig, the head of IMF mission that visited Kampala, Uganda from May 2-15, 2017 to conduct the …
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