nazret.com – The World Bank cuts its forecast of Ethiopia’s GDP growth to 6.3% in 2020, in a report released last week. In its Global Economic Prospects report, the Bank stated that “growth is expected to slow due to tighter fiscal and monetary policy stances aimed at containing inflation.”
The report states that current account deficit in Ethiopia narrowed amid improved services exports – largely transport services with Addis Ababa increasingly becoming a key regional hub.
The National Bank of Ethiopia has forecast that GDP would accelerate to 10.8% for the fiscal year ending in July.
Join the Conversation on Facebook and Twitter
| AddisNews is not responsible for the contents or reliability of any other websites to which we get contents from and provide a link and do not necessarily endorse the views expressed by them. |
Article first publiahed on AddisNews
