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Ethiopia Economic Outlook.pdf

Quarterly-Macroeconomic-Review-first-quarter-2022.pdf

🔗 Source: cepheuscapital.com

📊 Size: 4.6 MB

📄 Pages: 30 pages

⬇️ Downloads: 117

Summary

Ethiopia's economy faced six distinct shocks, including global price spikes and domestic conflict and drought, costing an extra $4bn and raising total imports from $14bn to $18bn. The government is responding with a mix of policies, including cuts to budgeted capital expenditure and reduced foreign exchange allocations to the private sector, as well as financing measures like higher budget deficits and monetary growth. Despite these efforts, risks remain, including potential long-term investment and export reductions, lower growth, and aggravated inflation. The outlook suggests strong growth may return next fiscal year, with minimal GDP growth likely this fiscal year due to crop and activity shortfalls, and elevated inflation expected to remain through 2023. Key macro indicators include GDP growth of 1.0% in 2021-22, investment/GDP of 27.0%, and a fiscal balance of -3.6% of GDP.

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Description

Ethiopia's economy faced six distinct shocks, including global price spikes and domestic conflict and drought, costing an extra $4bn and raising total imports...

Technical Information

File Format: PDF
File Size: 4.6 MB
Pages: 30
Language: EN
Total Downloads: 117
Last Updated: 20 hours ago

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This PDF document about Ethiopia Economic Outlook provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Ethiopia Economic Outlook.