We share insights of Uganda's FY 19/20 National Budget in the PwC Budget analysis bulletin.
According to the IMF’s April 2019 World Economic Outlook (WEO), global growth momentum slackened in 2018 to 3.6% from 3.8% in 2017, showing greater than expected weaker performance in some economies, notably Europe and Asia.
The global economy is projected to grow at an even lower rate of 3.3% in 2019 compared to previous years. Global growth will start to level off in the second half of 2019 to achieve 3.6% in 2020 based on on-going build- up of policy stimulus in China, recent improvement in global financial market and, stabilization of conditions and declining pressures on growth in the Euro area and emerging markets.
Beyond 2020, global growth is set to settle at about 3.6%
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