Economic forecasting models have long been notoriously inaccurate in predicting inflation | AXEL A. WEBER | Current forecasts by many banks, central banks, and other institutions suggest that inflation will not be a problem in the foreseeable future. The International Monetary Fund, for example, expects global inflation to remain subdued …
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Kampala, Uganda | XINHUA | Conflict-related displacements and high inflation rates on top of the impact of COVID-19 prevention measures are causing one of the worst food crises in recent years in Sudan, said the UN Office for the Coordination of Humanitarian Affairs (OCHA) on Thursday. Almost a quarter of the …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Bureau of Statistics has revealed that Ugandans were in June charged high prices for some food items compared to May 2020. This is according to the Consumer Price Index (CPI) which measures what Ugandans pay for various goods and services. The June …
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Nakaseke, Uganda | THE INDEPENDENT | The National Economy Committee of Parliament has raised concern over the management and credibility issues at Bank of Uganda in light of a fresh loan request of USD 491 million. The International Monetary Fund loan will see the Bank of Uganda (BoU) take US …
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Khartoum, Sudan | AFP | Inflation in Sudan jumped to 99 percent because of rising food prices, official figures showed Saturday, more than a year after the country was rocked by protests sparked by bread price hikes. The inflation rate in April shot up from 82 percent the previous month due to increased prices of …
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Khartoum, Sudan | AFP | Sudan’s economy has sunk into a deep crisis since the overthrow of longtime autocrat Omar al-Bashir almost a year ago, risking collapse and social unrest in a country in transition. Mass protests erupted in Sudan in late 2018 against a government decision to triple bread …
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Monrovia, Liberia | AFP | Dominic Kpadeh heaves a hammer over his head to crack a half-tonne rock in a northern suburb of Liberia’s capital Monrovia, knowing his hard labour earns him far less than a year ago. Kpadeh and his colleagues used to go home with $1,000 (900 euros) a …
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Harare, Zimbabwe | AFP | The United Nations on Thursday called for some $200 million in extra funding to help four million Zimbabweans unable to buy food due to drought and triple-digit inflation. The southern African country has been hit by a poor harvest and an entrenched economic crisis that has …
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Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has forecast a likely rise in prices of goods and services in the months towards the general elections. According to BoU Governor Emmanuel Tumusiime-Mutebile, core inflation, which measures the increases in prices of goods and services less electricity, food and water, will peak …
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Paris, France | AFP | IMF chief Christine Lagarde warned Saturday that economic stimulus from US tax cuts may lead to a rapid rise in interest rates which would weigh on countries with high debt levels. The International Monetary Fund was going to be “attentive” to the consequences of the …
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