Wednesday, July 13, 2022

Ethiopia's Difficult Economic Situation

 Quartz Africa published on 5 July 2022 an analysis titled "Hyperinflation in Ethiopia Is the Product of Cascading Missteps" by Hawi Dadhi.

Since 2017 the value of Ethiopia's birr has fallen 126 percent against the US dollar.  There is a severe shortage of foreign currency.  Inflation has increased significantly, and the civil war has resulted in massive domestic debt.