Saturday, March 13, 2021

Ethiopia's Economic Recovery Threatened

 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.