The Impact of COVID on the Performance of Uganda's Capital and Current Accounts
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Date
2023-09-21
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Uganda Christian University
Abstract
The COVID-19 pandemic has caused one of the greatest economic decays in the history of humankind. Its effects are far-reaching, and even to date, we have yet to fully recognise/realise how bad the situation was or how best we can evolve to deal with the mayhem it caused. Hence, this study aimed to identify how the COVID-19 pandemic affected the performance of Uganda’s current and capital accounts. Several indicators were considered for this study, including imports and exports, Foreign Direct Investments (FDI), Capital flows, trade patterns and restrictions, and the new policy changes implemented.
In order to analyse these time series data sets gathered from secondary data sources such as the World Bank, Bank of Uganda, Uganda Bureau of Statistics, as well as other key players for the period before, during and after the pandemic, a quantitative research approach was applied where econometric analysis and linear regression where used. The study's conclusions showed a significant relationship between COVID-19 and Uganda's economic disruptions and recommended possible measures for dealing with such divergences should they rise again.
Description
This is a dissertation.