Tag Archives: GDP

Why I think Singapore would have transformed even with a less able leader THE LAST WORD | Andrew M. Mwenda | There is a widespread myth that Lee Kuan Yew, the legendary prime minister of Singapore from 1959 to 1990, was singularly responsible for the transformation of that island city-state …

Uganda’s real GDP expanded 4.9% y/y in Q2 22, marginally weaker than the prior quarter’s 5.1%, following a marked moderation in import taxes. The pace of growth is anticipated to slow in H2 2022 as households navigate a higher inflation and lending rates environment. Economic growth will average about 4.3% …

Why government policy to control inflation at 5% under whatever circumstances is misguided THE LAST WORD | ANDREW M. MWENDA | A fetish is an inanimate object (like a small stone or wood curving of something like an animal) that is worshipped for its supposed magical powers. That is what …

Kampala, Uganda | THE INDEPENDENT | Experts have faulted the government for using statistics that do not give the real picture of the state of affairs to define the performance of the economy. An example is the Debt-to-GDP ratio that the government uses to determine the safety and strength of the …

Jerusalem, Israel | Xinhua | Israel’s gross domestic product (GDP) increased by 8.1 percent in 2021, the highest annual growth in 21 years, according to a report released by the Israeli Central Bureau of Statistics on Wednesday. The country’s GDP increased by 3.6 percent in 2019, and decreased by 2.2 …

Why his stabilising the political dispensation and sustaining economic growth is important THE LAST WORD | ANDREW M. MWENDA | On January 26, President Yoweri Museveni and NRM will mark 36 years in power. His is third longest serving presidency in Africa today, and one of the longest in the …

Kampala, Uganda | THE INDEPENDENT | Uganda’s total debt stock grew to 67.4 trillion Shillings by the end of the financial year 2020/21 in June, according to the Bank of Uganda. This shows a debt to GDP ratio of 45.5 percent, in contrast to earlier estimates of almost 50 percent, which …

Debt repayment and payment of interest should be channeled from tax revenues Kampala, Uganda | THE INDEPENDENT | The government remains adamant about the debt burden on the country despite now having exceeded the dreaded level of 50% of the value of the economy (GDP), according to the latest records. The …

Washington, U.S. | Xinhua | The global economy is on track to grow by 4 percent in 2021, assuming vaccination for COVID-19 becomes widespread throughout the year, the World Bank Group said in its latest Global Economic Prospects released on Tuesday. “The global economy appears to be emerging from one of …

Singapore, Republic of Singapore  | THE INDEPENDENT |   Singapore’s Ministry of Trade and Industry announced on Monday morning that based on advance estimates, the country’s gross domestic product (GDP) for the whole of 2020 fell by 5.8 percent year on year, compared to the 0.7 percent growth in 2019. For …