Vaccine would speed up recovery, Bank of Uganda reports

Bank of Uganda, Kampala

Uganda’s economy could recover “swiftly” if a Covid-19 vaccine is distributed widely across the globe in the coming months, according to a new report from the nation’s central bank.

The Bank of Uganda’s December monetary policy report notes the country’s economic outlook is “extremely uncertain” but in the near term, the outlook has “brightened”.

“Economic growth could recover swiftly if global economic growth strengthens, private sector credit recovery is sustained, and the vaccine is widely

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