The Uganda Minister of Finance, Planning and Economic Development has today told Parliament that Corona Virus Disease- COVID-19 will significantly affect Uganda’s economy, so much so that up to 2.6…
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 scenario While 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.
