Uganda’s merchandise trade deficit widened by 50% from USD 269.25 million in April 2021 to USD 322.17 million in May 2021, reflecting stronger import demand. Compared to May 2020, the deficit widened by 123%. This is according to the June 2021 performance of the economy report released by the Ministry of Finance Planning and Economic development. The report says the wider deficit reflects a recovery in the flow of imports during May 2021 as compared to a year ago when the global economy was in lockdown. Imports expanded by 11.7% to USD 777.39 million during May 2021 and outmatched the…
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