Washington, United States | AFP | The US economy grew at its fastest pace in more than two years in the second quarter, hitting President Donald Trump’s goal for the first time since he took office, according to data released Wednesday. Higher consumer spending and business investment prompted a sharp …
Read More »China’s economy slows in second quarter: AFP survey
Beijing, China | AFP | China’s economy lost momentum in the second quarter, a survey shows, as Beijing’s efforts to curb risky lending and investment took a toll on the Asian powerhouse. The world’s second-largest economy expanded by 6.8 percent in the April-June period, compared with a year ago, according …
Read More »ANALYSIS: There’s more to Africa’s growth story than lagging income rates
Pretoria, South Africa| Jakkie CILLIERS | ISS TODAY| As part of the ‘Africa rising’ narrative, much has been made of the continent’s growth story. The global recession of 2007/8 hit Africa hard, but it remained remarkably resilient, with growth forecast to 2030 at around 1.3% faster than average growth rates …
Read More »IMF revises Uganda GDP growth from 5% to 3.5%
The International Monetary Fund (IMF) expects Uganda’s gross domestic product growth to record anywhere between 3.5%-4% in FY2016/17, lower than 5% that had earlier been projected. This was announced on Tuesday by Axel Schimmelpfennig, the head of IMF mission that visited Kampala, Uganda from May 2-15, 2017 to conduct the …
Read More »THE LAST WORD: Uganda’s agricultural crisis
THE LAST WORD: By Andrew M. Mwenda How politics, not the drought, explains the current famine our country is experiencing According a report by the government of Uganda last week nearly 11 million people in this country do not have enough food to eat. I have concerns with the …
Read More »COMMENT: In defense of globalisation
COMMENT: By Jim O’Neill Globalisation’s critics – those wrongly considering it a zero-sum game –won’t fight global poverty I was recently in beautiful Chile for a Futures Congress, and I had a chance to travel south to the very tip of Latin America. I also recently made a BBC radio …
Read More »COMMENT: Economics and economic crises
COMMENT: By Paola Subacchi Once seen as modern witch doctors with exclusive knowledge, economists are now despised `experts’ Is the economics profession “in crisis”? Many policymakers, such as Andy Haldane, the Bank of England’s chief economist, believe that it is. Indeed, a decade ago, economists failed to see a massive …
Read More »Economic growth Vs development
THE LAST WORD: By Andrew M. Mwenda Don’t judge Uganda by where it is but by the speed at which it is growing I have been arguing that Uganda’s economy has been growing at an impressive rate over the last 30 years. Many readers have written to me saying that …
Read More »COMMENT: Keynes theories reborn
COMMENT: By Koichi Hamada These old fiscal theories are like old wine in a new bottle, it often rewards those who are willing to taste it In the fourth century, Japan’s emperor looked out from a small mountain near his palace and noticed that something was missing: smoke rising from …
Read More »COMMENT: Africa’s infrastructure delivery
COMMENT: By Moono Mupotola Experts confirm potential of the Programme for Infrastructure Development in African (PIDA) to contribute jobs and GDP growth When the Lamu Port, South Sudan, Ethiopia Transport Corridor Project (LAPSSET) won the prestigious Global Infrastructure Leadership Forum Award in Washington DC on March 10, 2016, the project …
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