Trading in the second quarter of 2020 registered a tremendous decline as Uganda’s equity markets continued to feel the impact of the COVID-19 pandemic. “While the ultimate growth outcome is still uncertain, and an even worse scenario is possible if it takes longer to bring the health crisis under control, the pandemic will result in output contractions across the vast financial markets,” reads an excerpt from the periodic report. It further states that, although Uganda is gradually easing the lock down measures instituted to contain the spread of the pandemic, the adverse consequences of the global impact of the pandemic on financial markets could persist through the remaining part…
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