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Tag Archives: inflation

Second lockdown reversing economic recovery gains – Experts

Kampala, Uganda | THE INDEPENDENT | The recovery of the economy has suffered a setback following the 42 days that the country was under a lockdown, this is according to economic analysts. The economy was recovering from the effects of the March-to-June 2020 lockdown, with both the Bank of Uganda and the …

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U.S. businesses urge Biden administration to remove tariffs amid rising costs, inflation concerns

Tariffs have harmed American jobs, American consumers, American companies and the country’s global competitiveness Washington, U.S. | Xinhua | The U.S. business groups have urged the Biden administration to remove punitive tariffs on U.S. imports imposed by the previous administration, as tariffs continue to hit American businesses and consumers while pushing …

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U.S. equities post weekly losses amid rising bond yields

New York, U.S. | XINHUA | U.S. stocks declined in the volatile past week as a surge in bond yields unnerved investors who rushed to dump risk assets, especially high-flying shares. For the week ending Friday, the Dow lost 1.8 percent, while the S&P 500 and the Nasdaq fell 2.5 percent …

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Will Inflation make a comeback?

Economic forecasting models have long been notoriously inaccurate in predicting inflation | AXEL A. WEBER | Current forecasts by many banks, central banks, and other institutions suggest that inflation will not be a problem in the foreseeable future. The International Monetary Fund, for example, expects global inflation to remain subdued …

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Sudan food crisis worst in years: UN

Kampala, Uganda | XINHUA | Conflict-related displacements and high inflation rates on top of the impact of COVID-19 prevention measures are causing one of the worst food crises in recent years in Sudan, said the UN Office for the Coordination of Humanitarian Affairs (OCHA) on Thursday. Almost a quarter of the …

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 Ugandans paid more for eggs, peas in June- UBOS

Kampala, Uganda | THE INDEPENDENT | The Uganda Bureau of Statistics has revealed that Ugandans were in June charged high prices for some food items compared to May 2020. This is according to the Consumer Price Index (CPI) which measures what Ugandans pay for various goods and services. The June …

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