U.S. economy  Next, I will discuss the U.S. economy. Although the Lehman shock originated in the United States, the U.S. economy has regained momentum since the plunge and has been growing at an average annual rate of around 2 percent.
What matters for the competitiveness of the traded goods sectors is the real effective exchange rate, which is a measure of changes in the nominal exchange rate of the Ugandan Shilling against the currencies of our trading partners adjusted for differences in inflation rates.