The banking industry is central to economic transformation. Following summitBI Banking Sector Report 2020 for Uganda, the Summit Consulting Team answers three questions about i) impact of the 2021 elections on the economy, ii) causes of the persistently high cost to income ratio in banking, and iii) why durables lead to higher loan defaults. Watch an NTV story about the report here What is the likely impact of elections on already slowing growth? Two possible outcomes: Economic growth (and GDP) are likely to reduce further. During political campaigns, more and more people spend time politicking and attending rallies of their…