Uganda: 2014's Economic Prospects

To give a sound projection of the economy in 2014, a reflection on how the key economic indicators played last year would be necessary. Reducing commercial bank lending rates [currently averaging around 22% from about 30% in the last about two years ago], a stable exchange rate [trading at close Shs 2,600 per USD] and inflation [currently at 6.8 as of November 2013 from 30% at the end of 2011], will influence private and public investment decisions in all sectors of the economy this year.

Analysts unanimously believe that the easing of these indicators in 2013 after Bank of Uganda's implementation of inflation targeting regime will play a major role in shaping growth in 2014 and beyond.

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