UPDATE 1-Rwanda's economy seen expanding slower this year as inflation bites
Published on: Monday 21 March 2022
Rwanda's economy is projected to grow 7.2% this year as the war in Ukraine is likely to raise inflation by increasing the price of cereals like wheat, Finance Minister Uzziel Ndagijimana said on Monday. On Monday the country's Statistics Bureau said the economy expanded by 10.9% in 2021. "It is not easy to quantify now but we can see at least the transmission mechanism on products from this crisis," Ndagijimana told reporters, referring to the war in Ukraine.
