Current Account Deficit Pressures To Ease in 2009

August 2008 | Economic Analysis

As robust economic growth and high energy prices put upward pressure on the import bill, we expect Uganda's current account deficit to widen over the course of 2008. As energy prices moderate and exports increase, the rate of deficit growth should slow, but until Uganda can start refining its own energy by around 2010, we envisage further upward pressure on the current account.

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