Last week, I traced the history and showed the shape of the
current financial crisis that has held the world hostage; today, I discus the
direct impact it could have to Uganda.
Wednesday, October 29, 2008
Wednesday, October 22, 2008
What US financial crisis means to us
The
financial meltdown in Europe and North America has continued in spite of the
large sums of money governments have pumped into the financial markets to prop
them up. On October 10th, both the Dow Jones Index in New York and the FTSE in
London fell by 7%. For Ugandans, what is this crisis about? What caused it? Who
was responsible? Could it have been avoided in time? How different is it from
other economic crisis before? What are its likely effects both on the global
economy and on Uganda? Is there something that we in Uganda should be afraid
of?
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