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IMPACT OF COVID COVER 12 COMPRESSED

John Kakungulu Walugembe

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There are several ways the coronavirus pandemic and containment measures are affecting the Ugandan economy. The Ministry of Finance, Planning and Economic Development estimates that the Uganda GDP growth rate could decline by between 7-10% in the Financial Year 2020/21, 2-3 million formal and informal jobs are at risk especially in retail, wholesale, manufacturing, education, health and tourism sectors.

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