Tag Archives: GDP

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 …

The construction and infrastructure sector contribute significantly to Uganda’s Gross Domestic Product (GDP), accounting for 12% Kampala, Uganda | JULIUS BUSINGE | The Uganda National Association of Building and Civil Engineering Contractors (UNABCEC), in collaboration with the Ministry of Works and Transport, is set to commemorate three decades of excellence in …

Berlin, Germany | Xinhua | The real gross domestic product (GDP) of Germany, Europe’s largest economy, is projected to shrink by up to 0.5 percent in 2023, the German Economic Institute (IW) said on Tuesday. The drop is driven by high inflation and interest rates as well as by problems …

Moscow, Russia | XINHUA | Russia’s economy is steadily recovering from the impact of sanctions and other challenges with a GDP growth of 0.6 percent in the first five months of this year, Russian Prime Minister Mikhail Mishustin said late on Tuesday. During a meeting with President Vladimir Putin, Mishustin said …

Five of Africa’s top-performing economies, pre-pandemic, are set to rejoin the world’s top ten fastest-growing economies this year as the continent’s GDP rebounds ANALYSIS | BIRD AGENCY | Benin, Côte d’Ivoire, Ethiopia, Rwanda, and Tanzania are on course to post some of the strongest economic growth rates globally – a …

Africa bank lists economy among best in Africa COVER STORY | THE INDEPENDENT | Just days to the June 14 reading of the national budget in parliament, the African Development Bank (AfDB) has listed Uganda among countries whose good GDP growth performance is expected to make Africa the second fastest growing …

The facts and the controversy Kampala, Uganda | THE INDEPENDENT | A fragile state is not a failed state. It is not one on the brink of conflict, collapse or failure. No. A fragile state is one that is vulnerable. A fragile a state is one that is vulnerable to conflict, …

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 …