Bank of Uganda - Annual Report 2003-2004

In 2003/04 the economy registered a growth rate of 5.8 percent in real terms compared to 4.9 percent in the previous financial year, according to the Bank of Uganda's Annual Report 2003-2004.

"This growth was largely due to higher agricultural output, which was helped by adequate rains for food crops. A rebound in food crop output reduced food crop prices, thereby keeping inflation lower compared to the previous year, in spite of the high and largely volatile international oil prices. With

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