US downturn's impact limited in East Africa
An economic slowdown in the United States would have ramifications for East Africa but many factors can limit its impact, says Emmanuel Tumusiime Mutebile, the governor of the Bank of Uganda.
"A slowdown in the biggest economy in the globe will have repercussions for all of us." Tumusiime Mutebile said. "Lower external debt, better external reserves levels, more prudent fiscal management, debt markets with a investor base that is not dependent on foreign investors, will all undoubtedly help to
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