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Unpacking Uganda

Coming out of the woods

Standard Bank’s GDP growth forecast for 2018 is 5.6% y/y, due to the notable upward revisions to historical national account data as well as a faster recovery in agricultural output. They see GDP growth at 5.9% y/y in 2019. Even if private investment remains sluggish over the coming year, Standard Bank think that that public investment will counterbalance it.

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