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Agriculture, mining sectors raise hope as economy struggles to recover Isaac Mufumba Ten days ago, Bank of Uganda (BoU) Governor Emmanuel Tumusiime Mutebile, while releasing the monetary report for April, revealed that whereas some level of economic recovery had been realised during the first quarter of 2021, the economy will remain subdued. Mr Mutebile pegged the prospects of the economy’s vibrancy on how the campaign to immunise Ugandans against Covid-19 will pan out. “Nonetheless, the recovery is expected to strengthen with above trend growth…as vaccine effectiveness increases,” Mr Mutebile said. Whereas Mr Mutebile did not detail the extent of the havoc that was caused by the outbreak of the coronavirus pandemic and the subsequent lockdown introduced as a containment measure, it is now emerging that the pandemic actually wiped out the growth of yesteryears and caused the economy to shrink. By how much has economy shrunk? BoU director for resea ....
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