Showing posts with label Uganda. Show all posts
Showing posts with label Uganda. Show all posts

Monday, August 08, 2011

Many countries globally are facing same economic woes as Uganda

THERE are people who do not want to hear that the economic challenge Uganda is facing is actually part and parcel of a global phenomenon. No surprise here; for they might as well deny that the sun does not shine at night.

The reality is that no country in the world had fully recovered from the global economic crisis that hit in 2008. As I write this, the richest economy in the world, the United States has lost its top notch ‘Triple A’ credit rating from Standard and Poor’s in a dramatic reversal.