We share insights of Uganda's FY 20/21 National Budget in the PwC Budget analysis bulletin.
According to OECD Economic Outlook, June 2020 (OECD), the Covid 19 pandemic has presented the largest economic shock that the world economy has witnessed in decades, resulting in the deepest global recession since the great depression of the 1930s.
The global economy is projected to contract by 3% in 2020, worse than the contraction that followed the 2008 09 financial crisis. Global growth will start to level off in the second half of 2020 as containment efforts gradually unwind. The global economy is projected to achieve a growth of 5.8% in 2021 as economic activity normalises based on policy support for specific sectors affected domestically and strong multilateral cooperation.
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