COVID-19: Uganda gov’t revises growth rates from 6% to between 4.6% -5.7%; warns up to 2.6 million could relapse into poverty in worst case scenarioWhile government has conservatively reduced Uganda’s growth prospects for FY2019/20 from 6% to between 5.2%- 5.7% depending on the severity of the COVID-19, Matia Kasaija the finance minister has warned that in a worst-case scenario, COVID-19 could hurt Uganda’s growth prospects, to between 4.6% and 5.1%, thereby pushing up to 2.6 million back into poverty.
Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.