"የኢትዮጵያ ኢኮኖሚ በአስቸጋሪ ሁኔታዎች የተፈተነ ነው" #Zemedeneh_Nigatu #economy #Ethiopia ኢኮኖሚው በአፍሪካ ከቀዳሚዎቹ አንዱ ነው

"ኢኮኖሚያችን በአስቸጋሪ ሁኔታዎች የተፈተነ ነው" #Zemedeneh_Nigatu #economy #Ethiopia ኢኮኖሚው በአፍሪካ ከቀዳሚዎቹ አንዱ ነው The Ethiopian economy has been experiencing significant growth, but it also faces several challenges[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.worldbank.org/en/country/... "1"). Here are some key points about the current state of the Ethiopian economy: Economic Growth: Ethiopia's economy grew by 7.2% in 2023, according to government figures[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.undp.org/ethiopia/publica... "2"). The services sector remains resilient, while manufacturing continues to be weak[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.undp.org/ethiopia/publica... "2"). Inflation: Inflation remains high, with a slight slowdown to 28.7% in December 2023 from 34.2% in March 2023[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.undp.org/ethiopia/publica... "2"). Foreign Exchange and Currency: Foreign reserves have fallen to less than USD 1 billion, covering less than two weeks of imports[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.undp.org/ethiopia/publica... "2"). The Birr remains overvalued, trading at 110 birr/USD on the parallel market and 56 birr/USD at the official rate[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.undp.org/ethiopia/publica... "2"). Fiscal Deficit: The fiscal deficit/GDP ratio has reduced to 2.9% from 3.6% in the preceding fiscal year[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.undp.org/ethiopia/publica... "2"). Debt: Ethiopia faces a significant debt overhang and a USD 1 billion debt repayment on the Eurobond[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.undp.org/ethiopia/publica... "2"). The country has applied for debt restructuring with the G20 Common Framework[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.undp.org/ethiopia/publica... "2"). Social Issues: Defense and debt servicing continue to eclipse social spending[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.undp.org/ethiopia/publica... "2"). More than 20 million people across Ethiopia will need food aid in 2024[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.undp.org/ethiopia/publica... "2"). Reforms: Ethiopia has announced major reforms, including an immediate shift to a market-determined exchange rate, the removal of most current account restrictions, and the modernization of the monetary policy framework[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.worldbank.org/en/country/... "1"). These reforms are supported by an IMF program and proposed debt relief through the G20 Common Framework[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.worldbank.org/en/country/... "1"). #ዜና #addisababa #ethiopia ትክክለኛውን የአዲስ ሚዲያ ኔትዎርክ ዲጂታል ሚዲያ የትስስር አውታሮችን በመቀላቀል ቤተሰብ ይሁኑን! YouTube ➲ http://bit.ly/3itThRr Telegram ➲ http://bit.ly/3W4puw9 Facebook ➲ https://bit.ly/3CJVgI8 Twitter ➲ http://bit.ly/3IKQ3TZ