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Tag Archives: GDP

World Bank slashes 2025 global growth forecast

Kampala, Uganda | THE INDEPENDENT | The World Bank has slashed its 2025 global growth forecast, citing trade tensions and policy uncertainty. The report released during the week said global gross domestic product (GDP) growth to 2.3 down from the 2.7 percent. Focusing to countries like Uganda or Low Income …

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Uganda reduces debt costs as cheap loan sources disappear

Kampala, Uganda | THE INDEPENDENT | Uganda has managed to reduce the level of spending on loans in terms of the percentage of the Gross Domestic Product (GDP) through restructuring debt and the growth of the economy. Total interest payments as a share of GDP decreased to 3.5 percent at the …

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What gov’t is doing to tame rising public debt

Kampala, Uganda | THE INDEPENDENT | Uganda has outlined plans aimed at reducing its national debt starting in 2027 the year it is forecast to touch 53 percent of the value of the economy (GDP). The country’s national debt stands at 25.6 billion (93 trillion shillings) as of the end of …

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GDP is an outdated way

It cannot measure the health of the economy as it doesn’t reflect the health of people or the planet COMMENT | RADHIKA BALAKRISHNAN | Economics and economic policy need a rethink. This is clear from the scale of inequality, joblessness, insecurity and environmental disasters we see in the world. People feel …

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Uganda to lose 6% GDP to climate change

Poverty to increase as maize, beans are hit Kampala, Uganda | THE INDEPENDENT | Uganda will suffer significant economic loss if global warming is not limited to below 2°C, according to a new study by the Center for Global Development; a Washington D.C based think tank that focuses on international development. …

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Sub-Saharan Africa GDP to double by 2040 to US$4.5trillion

London, England | THE INDEPENDENT | Research from market research company Euromonitor International has forecast the GDP of Sub-Saharan Africa to double by the year 2040 from the 2022 figure of US$ 2 trillion to over USD 4.5 trillion. Euromonitor’s report, Sub-Saharan Africa: A Rising Economic Frontier, looked at the …

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