Uganda: Technical Assistance Report-Improving GDP Forecasting

September 15, 2017

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Uganda: Technical Assistance Report-Improving GDP Forecasting, (USA: International Monetary Fund, 2017) accessed December 23, 2024

Summary

This Technical Assistance Report discusses recommendations for improving GDP forecasting in Uganda. GDP forecasting, ranging from a quarterly to a five-year horizon, must be improved using the tools that are now available at the Ministry of Finance, Planning and Economic Development (MoFPED). The five-year forecast can be fruitfully used in the medium-term projections of government revenue, deficit and debt. The short-term forecasts should be systematically integrated within the (annual) sectoral forecasts currently being done at the MoFPED. While considering the set of tools under development, the IMF mission recommends the deployment of these tools in a more urgent manner, to stimulate learning-by-doing of local staff.

Subject: GDP forecasting, Labor, National accounts, Production, Total factor productivity

Keywords: Carry-over, CR, East Africa, Forecasting GDP, GDP estimate, GDP forecasting, GDP forecasting capacity, GDP Nowcasts, GDP ratio, GDP release, ISCR, MoFPED, Potential GDP, Production function, Quarterly GDP, Total factor productivity

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/270
Stock No:

1UGAEA2017009
ISBN:

9781484317792
ISSN:

1934-7685

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