As the country and the world continues to grapple with the novel coronavirus pandemic, Economists in Uganda have warned asked Ugandans to prepare for the worst.
Appearing in a TV interview on Tuesday, Dr Patrick Wakida a policy analyst in Uganda called upon president Museveni to consider subsidizing state parastatals in order to reduce the expenditure in disposable income.
Different economists have warned that the economy may be in for an unsteady journey back to growth and prosperity.
Wakida said second-quarter economic data would be “worse” than anything previously seen, that it might take consumers time to feel comfortable spending again, and that companies and workers might need additional financial help.
“These are tough times and there will be more to come,” he said.
While delivering his speech at the private sector e-conference last week, the president advised businessmen and women to consider agriculture more than the leisure economy.