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 food

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