The last 2 years are perhaps the most difficult economic times, Uganda has experienced in a long time, but now experts predict 2014 is heavily billed as the year of full recovery.
Most recent predictions in the 3rd quarter of 2013/2014, projected the Ugandan economy would grow at an average rate of 6 percent in 2014 characterised by a single digit inflation, a stable and stronger shilling as well as increased domestic multi billion shilling investments in energy, transport, oil and gas infrastructure.
Now a freshly released report by regional asset management firm PineBridge Investments on January 27, 2014 has added onto the pessimism, predicting a growth in the region of 6.5%.
This growth, according to the report, will be fuelled by increased public spending especially on infrastructure as well as investment spending by the central government and credit expansion.
“In comparison to 2013, when the economy is estimated to have grown by 5.6 percent, this year we expect to see better performance of the economy,
