BoU lowers growth forecast for 2021/22

Business activity is slowly recovering from the impact of the second wave of Covid-19. Photo | Edgar R Batte 

What you need to know:

  • While releasing the Monetary Policy Committee report in Kampala yesterday, Bank of Uganda said the second wave of Covid-19 had interrupted economic recovery, leading to a decline in real gross domestic product growth momentum.

Bank of Uganda has lowered growth prospects for the 2021/22 financial year resulting from disruptions caused by the Covid-19 second wave. 

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