Uganda Market Update

Uganda Market Update

Share this report


Subscribe to our newsletter

Summary

•Economy contracts by 0.8% year on year in June 2017 •Inflation slows to 6.4% in June 2017 •Central Bank Rate declines to a six year low of 10% in June 2017 •Demand for office space picks up. According to the IMF, economic growth is expected to accelerate to 5% in the next financial year (2017/18) buoyed by improving weather conditions and a recovery in private sector credit.Additonally, Infrastructure and oil sector investment are envisaged to lead recovery of growth to 6% over the medium-term.

Source: Knight Frank

Published: 2017

1