This would mean we would be faced with a recession, i.e. a significant and longerlasting decline in economic activity spread across the economy. The scale of this decline would depend on many uncertain factors. For instance: households' gas saving behaviour, winter temperatures and policy measures. One thing is for sure: gas shortages would amplify downward forces.
Regulatory reforms in Uganda For the rest of this talk I want to concentrate on what I believe will be the most pertinent issues for bank regulation in Uganda. Reform in Uganda will be influenced by global reform efforts, although not all of the specific proposals agreed at the global level will necessarily be relevant for Uganda.