Donor Aid Cuts, Kenya Elections Affect Uganda Business Climate Report as inadecuate

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In the October – December quarter of 2012, the businessclimate index declined to 4.5 points having recorded a scoreof 8 points in the previous (July – September) quarter. Thedeterioration of business environment perceptions emanatedfrom elevated risks arising from the budget supportwithdrawals by some development partners and anxietyover potential business interruptions emanating from thepresidential elections in neighbouring Kenya. Expectationsfor the next quarter are such that the business climatewill start to improve but at a slower pace compared tothe previous quarter. The drivers of the expected businessclimate improvement are anchored on the expected continuityin macroeconomic stability, recovery in domestic demand,and an upturn in the global economic outlook thatis expected to boost export demand. On the overall, thebusiness environment remains largely unchanged, havingimproved only modestly, and is expected to remain weakin the short term.

Keywords: Economic activity ; eprc ; investment ; trade

Subject(s): Agribusiness

Agricultural Finance

Consumer/Household Economics

Demand and Price Analysis

Industrial Organization

International Relations/Trade

Labor and Human Capital

Public Economics

Issue Date: 2012-12

Publication Type: Working or Discussion Paper

PURL Identifier:

Total Pages: 4

Series Statement: UBCI


Record appears in: Economic Policy Research Centre (EPRC) > Uganda Business Climate Index

Author: Mawejje, Joseph


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