Uganda’s Current Account Deficit To Widen In 2024, Before Shrinking Sharply In 2025
Country Risk / Uganda / Tue 19 Mar, 2024
Key View
- We expect that Uganda’s current account deficit will widen to 8.3% of GDP in 2024, from an estimate of 8.0% of GDP in 2023.
- Export growth will slow in 2024 due to fading statistical base effects and moderating growth in coffee production, while ongoing investment in Uganda’s hydrocarbon sector will keep capital goods imports high.
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