Tag Archives: GDP

Beijing, China | AFP | China’s economy weakened to its slowest pace in three decades in 2019 as weaker domestic demand and trade tensions with the United States took their toll, official data showed Friday. The world’s second-largest economy grew by 6.1 percent last year, its worst performance since 1990, …

Bigger Economy: Why could that be bad news? Kampala, Uganda | THE INDEPENDENT | The recent rebasing of the national account series by the Uganda Bureau of Statistics (UBOS) has excited economists with many saying it presents the government an opportunity to make policy based on data that is a …

Kampala, Uganda | THE INDEPENDENT | Ugandan economy is bigger than previously estimated, with new numbers showing Ugandans are much richer than had been thought, according to Uganda Bureau of Statistics (UBOS). According to UBOS, they rebased the economy using the prices of 2015/16 financial year. This saw Uganda’s size …

London, United Kingdom | AFP | Britain’s economy unexpectedly shrank in the second quarter of the year on Brexit turmoil, official data showed Friday, placing the country on the verge of recession. Gross domestic product (GDP) fell 0.2 percent in the April-June period, the first time the economy has contracted in …

Kampala, Uganda | THE INDEPENDENT | Uganda’s capacity to manage its growing public debt will depend on the country’s ability to export oil by 2023, a Bank of Uganda June 2019 State of the Economy report has shown. In the report, the Central Bank indicates that Uganda’s public debt stock will …

Kampala, Uganda | THE INDEPENDENT | Uganda’s Gross Domestic Product (GDP) per capita is now equivalent to $800, President Yoweri Museveni stated in his State of the Nation Address this afternoon. Uganda’s  Gross Domestic Product per capita was last recorded at $666.61 in 2017. It averaged 439.43 USD from 1982 …

  PUBLIC DEBT: Why is it growing? Is it prohibitive, unsustainable? Kampala, Uganda | ANDREW M. MWENDA | On January 10, I watched with increasing depression a debate about Uganda’s national debt on the NBS Frontline show. Although the Minister of State for Finance, David Bahati, made many good arguments …

We have to know what matters to people, improves their wellbeing, and how we can supply it more COMMENT | JOSEPH E. STIGLITZ | Just under ten years ago, the International Commission on the Measurement of Economic Performance and Social Progress issued its report, Mismeasuring Our Lives: Why GDP Doesn’t Add …

And the secret formula needed to accelerate GDP growth Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is likely to grow by 6.5%, according to central bank governor Emmanuel Tumusiime Mutebile. That would be about 12% higher than last year and the highest rate in years. But there is a problem; …

Instead of seeking a new, disruptive framework, we should focus on making incremental changes COMMENT | URS ROHNER | Respected economists have long pointed out that gross domestic product is an inadequate measure of economic development and social well-being, and thus should not be policymakers’ sole fixation. Yet we have not gotten …