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Uganda Economic Growth Surges to 6.8% in Q2 Driven by Export Boom

Uganda's real GDP grew by 6.8% annually in the June quarter, rebounding from 5.7%.

Strong export growth of 21.3% powered the recovery, up significantly from 6.3% in March.

Middle East conflicts drove global commodity shocks, boosting international demand for Ugandan fuel products.

Despite strong export earnings, monetary authorities maintain cautious stances amid rising national debt risks.

Uganda Economic Growth Surges to 6.8% in Q2 Driven by Export Boom

Uganda's real GDP grew by 6.8% annually in the June quarter, rebounding from 5.7%.

Strong export growth of 21.3% powered the recovery, up significantly from 6.3% in March.

Middle East conflicts drove global commodity shocks, boosting international demand for Ugandan fuel products.

Despite strong export earnings, monetary authorities maintain cautious stances amid rising national debt risks.

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