Ethiopia’s Economic Recovery Threatened
Source: CNBC posted on 12 March 2021 an article titled “Ethiopia’s ‘Simmering Civil War’ Threatens to Erode Economic Recovery Prospects” by Elliott Smith.
A combination of COVID-19 and civil war in Ethiopia have led the IMF to forecast zero percent GDP growth in real terms in 2021. Moody’s placed Ethiopia’s B2 credit rating–meaning it’s viewed as speculative and high-risk–on review for downgrade.0 commentsLabels: Abiy Ahmed, Antony Blinken, AU, civil war, COVID-19, credit rating, debt, ENDF, Eritrea, Ethiopia, EU, GDP, Germany, IMF, Tigray Region, TPLF