World Bank counts on tourism, exports to revive Uganda's GDP
Uganda, Feb. 14 -- The World Bank has said in its 22nd Economic Update for Uganda that the country's real GDP growth should return to its long-term trend of 6.5 percent and above.
The World Bank is basing its optimistic outlook for the country on a resurgent tourism sector, export diversification, and agro-industrialisation.
The World Bank also says disinflation is expected to boost the recovery of firm employment and real household income, with high commodity prices expected to bolster the income of cash-crop-producing agricultural households.
"However, the continued growth of non-farm income and declining inflation are expected to boost consumption, and accelerated growth could reduce the poverty rate; measured at $2.15 per person pe...
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