The Uganda Business Climate Index

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The annual improvement in the business climate was sustained by a stronger than expected consumer demand, stable macroeconomic environment characterized by low and falling inflation, stable exchange rates, and lower interest rates.

The business climate has shown great resilience despite growing risks emanating
from instability in South Sudan (Uganda’s most important informal export market) that threatened to curtail regional trade. The improvement in the business climate was anchored around a stable macroeconomic environment characterized by low inflation, stable exchange rates, and strong consumer demand.

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