Trade report 2014

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dc.contributor.authorEast African Community
dc.date.accessioned2023-07-28T07:46:04Z
dc.date.available2023-07-28T07:46:04Z
dc.date.issued2015
dc.descriptionAnnual report
dc.description.abstractEmerging market and developing economies recorded a decelerated growth of 4.6 percent in 2014 compared to a growth of 5.0 percent recorded in 2013. The slowdown growth was attributed to both cyclical and structural reasons. In addition, the region was faced with new risks of slowing credit and possibility of tighter financial conditions given the anticipated unwinding of monetary policy stimulus in the United States. The slow pace of economic activity in advanced economies also adversely affected growth in emerging market and developing economies because of restrained external demand for their exports. The EAC Partner States continued to post positive results after rebounding from the global financial and economic crises. The GDP growth in the Community remained strong averaging 5.7 percent. Rwanda and Tanzania recorded the highest economic growth rates of 7.0 percent, while Burundi registered the lowest rate of 4.6 percent. The coordinated approach of the monetary policy and improved food production in the community eased inflation rates to single digit in all Partner States during 2014 with an average rate of 4.6 percent.
dc.description.sponsorshipEast African Community; Busitema University
dc.identifier.citationEast African Community. (2015). Trade report 2014. EAC Secretariat
dc.identifier.urihttps://doi.org/10.60682/s79h-4m29
dc.language.isoen
dc.publisherEAC Secretariat
dc.titleTrade report 2014
dc.typeOther
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