Daily Monitor Friday December 18 2020 Summary With a weaker global demand due to the negative effects of Covid-19, the country’s exports are likely to reduce further Advertisement According to Bank of Uganda, the country’s export value was $3,822.99m in the Financial Year (FY) 2019/20, compared to $3962.47m recorded the previous FY2018-2019. This represents a decline of about 3.52 per cent. With a weaker global demand due to the negative effects of Covid-19, the country’s exports are likely to reduce further. In the recently released Monetary Policy Statement for August, economic growth in FY2020/2021 is projected to be in the range of 3.0 per cent to 4.0 per cent.