Uganda Economic Update, 10th Edition, December 2017 : Accelerating Uganda's Development, Ending Child Marriage, Educating Girls
Following decades of sustained economic growth during which Uganda made dramatic progresstowards poverty reduction, the country has recently experienced a period of economic growthslow down. To return to higher rates of economic growth and poverty...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/553381512398131516/Uganda-economic-update-tenth-edition-accelerating-Ugandas-development-ending-child-marriage-educating-girls http://hdl.handle.net/10986/29031 |
| Summary: | Following decades of sustained economic
growth during which Uganda made dramatic progresstowards
poverty reduction, the country has recently experienced a
period of economic growthslow down. To return to higher
rates of economic growth and poverty reduction, the
Government mustaddress fundamental constraints. Facing a
range of internal and external shocks, Uganda's economy
has grown at the average annual rate of 4.5 percent over the
past five years, far lower than the historical average of
about 7.8 percent. The recent deceleration in growth
affected all sectors of the economy. With these lower growth
rates, combined with other external shocks to the
households, the remarkable progress that Uganda had made
towards reducing poverty since 1992 has been reversed. In
the period from 1992 to 2013, the national poverty rate
declined from 56 percent to 19.7 percent. Since then, it has
rebounded, increasing to a preliminary 27 percent. For
Uganda to again achieve higher rates of economic growth and
poverty reduction, it must address two fundamental factors:
its low levels of productivity and the vulnerability if its
people to poverty. |
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