Economy shrank last Quarter by 1.3%

Uganda’s economy contracted by 1.3% in the third quarter of the financial year ended last month from a growth of 1.7% in the previous quarter, hurt by poor agricultural output, the statistics office said.

Processed output from the farm sector declined by 6% in the period compared with a revised growth of 2.2% in the preceding quarter, the Uganda Bureau of Statistics said on its website.

The East African nation measures its economic output on the basis of its fiscal year running from July to June.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top