inflation
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Africa
High inflation: World Bank advises African gov’ts to restore macro-economic stability and protect the poor
WASHINGTON-Global headwinds are slowing Africa’s economic growth as countries continue to contend with rising inflation, hindering progress on poverty reduction. The risk of stagflation comes at a time when high interest rates…
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International
Danish coop to replace Fakta supermarkets with discount stores
COPENHAGEN – Co-op Denmark has announced the closure of its Fakta supermarkets and merger of its Kvickly and SuperBrugsen chains, according to media agencies in Europe. The consumer co-op – one of…
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News
Help us: KACITA petitions parliament over cost of doing business
KAMPALA-Traders belonging to Kampala City Traders Association [ KACITA ] have petitioned the Deputy Speaker of Parliament, Thomas Tayebwa, on the high costs of doing business and prayed that government stops selective…
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Cooperatives & Communities
US co-ops react to passage of Inflation Reduction Act
WASHINGTON DC-Co-operatives in the USA have welcomed the recent adoption of the Inflation Reduction Act by the House of Representatives on 12 August. Passed with 220 votes to 207, the bill aims…
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News
EPRC researcher wins Analyst Forecast of the Year 2021 Award
KAMPALA– Corti Paul Lakuma, the Economic Policy Research Centre [ EPRC ] research fellow and Head of Macro Department, is the overall best Uganda economics analyst forecaster of the year 2021. The…
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Development
Russia-Ukraine conflict dampens Uganda’s growth prospects-BoU report
KAMPALA– The adverse global economic developments and higher domestic inflation have diminished the prospects for Uganda’s domestic economic growth, according to the Bank of Uganda [BoU] Monetary Policy Report June 2022. “The…
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Development
BOU ramps up CBR again
KAMPALA– Bank of Uganda [ BOU ]raised the indicative Central Bank Rate [CBR] to 8.5 percent for July from 7.5 percent before, as inflation rose – for the second time in a…
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News
Stagflation risk rises amid sharp slowdown in growth
WASHINGTON– Compounding the damage from the COVID-19 pandemic, the Russian invasion of Ukraine has magnified the slowdown in the global economy, which is entering what could become a protracted period of feeble…
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News
Tourism recovery gains momentum as restrictions ease and confidence returns
MADRID– Tourism continues to recover at a strong pace. Globally, destinations welcomed almost three times as many international arrivals in the first quarter of 2022 as in the same period of 2021,…
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News
BoU holds CBR at 6.5 percent for April 2022
KAMPALA – The Bank of Uganda [BoU] has maintained the Central Bank Rate (CBR) at 6.5 percent. The decision was taken during the Monetary Policy Committee (MPC) meeting of April 2022. BoU…
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