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UGANDA CONTINUES TO SUSTAIN THE SUCCESS of the last two decadeswith the economy characterised by high growth and lowinflation.The realGDP growth ratewas 6.0 per cent in the 2006/07 fiscal year and is projected to rise to 6.2 per cent in 2007/08. Economic performance in 2006/07 benefited fromincreased export diversification and investment in construction and services. The base of Uganda's growth seems to be broadening as reflected in the introduction of newproducts, exports, technology and movement of labour into new occupations. But growth remains belowpotential because of infrastructure constraints, especially the energy deficit, and shocks as a result of flooding that destroyed crops and transport infrastructure in some areas.
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Document Type: Review Article

Publication date: May 1, 2008

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