Agriculture Sector Performance Deteriorates Drastically, but Businesses Remain Optimistic about the Future

This quarter’s performance was mainly driven by changes in Uganda’s tax policy which came into effect on 1 July 2018. The Business Climate Index (BCI) declined by 1.68 points from 90.40 in the previous quarter (April – June 2018) to 88.72 in the current quarter (July – September 2018), remaining below potential.

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Agriculture Sector Performance Deteriorates Drastically, but Businesses Remain Optimistic about the Future

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