1. Market Research

Country Economic Forecasts > Uganda

  • July 2017
  • 8 pages
  • Oxford Economics
Report ID: 1907668

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Economic growth recovered to 3.7% in Q1 from a dismal 1.8% in Q4 2016. Activity is expected to pick up this year with a loosening of monetary conditions, a recovery in agriculture (from the poor performance in 2016) and strong momentum in the services sector lifting GDP growth to 5% (but a little slower than our April forecast of 5.6%). The economy is forecast to expand by just over 6% p.a. over the medium term, supported by robust momentum in the services sector, development of the hydrocarbons sector and strong public sector investment in infrastructure.

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