@article{Joseph:243928,
      recid = {243928},
      author = {Joseph, Mawejje and Paul, Lakuam},
      title = {Political election cycle and subdued domestic demand  affect business environment},
      address = {2016-03},
      number = {678-2016-46700},
      series = {BCI},
      pages = {4},
      year = {2016},
      abstract = {The Uganda business climate index declined by 6.2 points  to 93.5 during the January – March 2016 quarter from 99.7  during the October – December 2015 quarter. This indicates  a slight slowdown in the conditions for doing business and  is consistent with expectations from the previous quarter.  The negative sentiment in the business environment was  largely driven by some persistent challenges in doing  business and some new emerging ones. In particular, the  domestic political election cycle and concerns over waning  domestic demand have elevated the perceived risks for doing  business in the current quarter. In terms of business  constraints, volatility in the macroeconomic environment,  substandard products, tax policy, and concerns over the  cost and reliability of electricity supply continue to  constrain business competitiveness and their severity was  perceived to have been elevated during the current period.  Contrary to expectations, business sentiment in agriculture  and industry was upbeat. However, business sentiment in the  services sector was downcast. Perceptions about business  sentiment in the next quarter (April – June 2016) are  favourable on account of the expected recovery in domestic  demand, macroeconomic environment, and improvements in  domestic and regional political environment.},
      url = {http://ageconsearch.umn.edu/record/243928},
      doi = {https://doi.org/10.22004/ag.econ.243928},
}