Trade report 2012

dc.contributor.author	East African Community
dc.date.accessioned	2023-07-31T09:10:08Z
dc.date.available	2023-07-31T09:10:08Z
dc.date.issued	2013
dc.description	Annual report
dc.description.abstract	Economic conditions in EAC region remained generally robust against the backdrop of a sluggish global economy. EAC output growth averaged at 5.4 percent in 2012, higher than the 4.9 percent average growth for SSA. Inflation in the region slowed during 2012, as food and fuel price inflation eases following surge during 2011. In addition, EAC Partner States used coordinated approach of monetary policy tightening to reverse the 2011 price spikes. World trade reflected the weak momentum in global activity. The volume of exports and imports of advanced economies slowed to their pre crises levels. The trend was also reflected in the emerging markets and developing economies, including China, India and SSA economies. Consequently, exports volume growth in SSA slowed to an average of 3.5 in 2012 from 4.2 in 2011, while import volume growth halved to 4.5 percent from 10.7 percent over the same period.
dc.description.sponsorship	East African Community; Busitema University
dc.identifier.citation	East African Community. (2013). Trade report 2012. EAC Secretariat
dc.identifier.uri	https://doi.org/10.60682/h6tw-x966
dc.language.iso	en
dc.publisher	EAC Secretariat
dc.title	Trade report 2012
dc.type	Other

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