Tag Archives: Ethiopian Economy

Ethiopia’s Macroeconomic Imbalances Evolving into Critical Crises

ill-planned and mismanaged economy led to the current macroeconomic imbalances in Ethiopia
PM Abiy’s gov’t have come up with a three-year economic reform plan to deal with, among many, the exiting acute shortages of hard currency, to amend the ill-fated foreign trade sector, and reducing the growing unemployment rate.

BY BIRHANU FIKADE | THE REPORTER

The coming of Prime Minister Abiy Ahmed to power has been marred with critical political, economic and social pitfalls. His measures in relaxing the stifling leadership style of the ruling Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF) likewise stimulated many to come out and speak. Continue reading Ethiopia’s Macroeconomic Imbalances Evolving into Critical Crises

Economist Warn Ethiopia’s Overstretched Economy Risks Collapse

A statistical fairy tale of “11% economic growth every year” was the biggest hogwash, whitewash and brainwash the Ethiopian people have ever told by the doggone TPLF liars. Now economists fear this “economy” may eventually collapse anytime.

By Andualem Sisay | for Africa Review,

The Ethiopian government’s growing reliance on foreign loans is posing a serious risk of economic collapse, a paper presented Friday by a renowned local economist says.

“Take for instance China, which has loaned over $17 billion to the Ethiopian government for infrastructure projects. Our total investment is 40 per cent of GDP. Our savings rate is between 10-20 per cent of GDP. We import $13 billion and export $3 billion. They (China) are the ones who are filling all these deficit gaps,” said Alemayehu Geda, economics professor at Addis Ababa University and London University. Continue reading Economist Warn Ethiopia’s Overstretched Economy Risks Collapse

Ethiopia and IMF Disagree on GDP Figures

Ethiopia’s bogus GDP growth defies not only economic realities but also common sense

By TesfaNews,

After cooking the books for the past several years to make hyperbolic claims of economic growth, the Ethiopian government finds itself, again, at odds with the International Monetary Fund over this year’s projected GDP growth figures.

The IMF says Ethiopia’s economy will grow by 6.5 percent in 2013 while the government insisted a double-digit 10 percent based on, of course, fabricated and massaged GDP statistics.  Continue reading Ethiopia and IMF Disagree on GDP Figures