Imports in Uganda
Uganda - Imports (percent change)Preliminary data showed that the economy contracted sharply in the second quarter of the year, after growth slowed in the first quarter. Domestic and foreign lockdowns to curb the spread of Covid-19 precipitated a broad-based deterioration in the economy, as reflected by PMI readings in the quarter. The services sector was particularly hard hit by restrictive measures at home, as well as job shedding and the associated loss of income. Moreover, frail trade flows undermined the agricultural sector, which has also been hit by the locust infestation. Boding ill for the economy in the third quarter, in late June President Museveni announced certain lockdown measures will remain, which is expected to continue weighing on private consumption as well as business activity. More positively, the June PMI reading provides cause for cautious optimism that the worst is behind the economy; that said, conditions remained subdeud.
Uganda - Imports (%) Data
|Imports (annual variation in %)||-2.8||-8.8||14.3||18.1||11.7|
5 years of economic forecasts for more than 30 economic indicators.
Source: Bank of Uganda
|Bond Yield||15.75||1.02 %||Dec 31|
|Exchange Rate||3,670||0.17 %||Dec 31|
|Stock Market||0.3||0.0 %||Jan 07|
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