"የኢትዮጵያ ኢኮኖሚ በአስቸጋሪ ሁኔታዎች የተፈተነ ነው"

"ኢኮኖሚያችን በአስቸጋሪ ሁኔታዎች የተፈተነ ነው" #Zemedeneh_Nigatu #economy #Ethiopia ኢኮኖሚው በአፍሪካ ከቀዳሚዎቹ አንዱ ነው
The Ethiopian economy has been experiencing significant growth, but it also faces several challenges[43dcd9a7-70db-4a1f-b0ae-981daa162054](www.worldbank.... "1"). Here are some key points about the current state of the Ethiopian economy:
Economic Growth:
Ethiopia's economy grew by 7.2% in 2023, according to government figures[43dcd9a7-70db-4a1f-b0ae-981daa162054](www.undp.org/e... "2"). The services sector remains resilient, while manufacturing continues to be weak[43dcd9a7-70db-4a1f-b0ae-981daa162054](www.undp.org/e... "2").
Inflation:
Inflation remains high, with a slight slowdown to 28.7% in December 2023 from 34.2% in March 2023[43dcd9a7-70db-4a1f-b0ae-981daa162054](www.undp.org/e... "2").
Foreign Exchange and Currency:
Foreign reserves have fallen to less than USD 1 billion, covering less than two weeks of imports[43dcd9a7-70db-4a1f-b0ae-981daa162054](www.undp.org/e... "2"). The Birr remains overvalued, trading at 110 birr/USD on the parallel market and 56 birr/USD at the official rate[43dcd9a7-70db-4a1f-b0ae-981daa162054](www.undp.org/e... "2").
Fiscal Deficit:
The fiscal deficit/GDP ratio has reduced to 2.9% from 3.6% in the preceding fiscal year[43dcd9a7-70db-4a1f-b0ae-981daa162054](www.undp.org/e... "2").
Debt:
Ethiopia faces a significant debt overhang and a USD 1 billion debt repayment on the Eurobond[43dcd9a7-70db-4a1f-b0ae-981daa162054](www.undp.org/e... "2"). The country has applied for debt restructuring with the G20 Common Framework[43dcd9a7-70db-4a1f-b0ae-981daa162054](www.undp.org/e... "2").
Social Issues:
Defense and debt servicing continue to eclipse social spending[43dcd9a7-70db-4a1f-b0ae-981daa162054](www.undp.org/e... "2"). More than 20 million people across Ethiopia will need food aid in 2024[43dcd9a7-70db-4a1f-b0ae-981daa162054](www.undp.org/e... "2").
Reforms:
Ethiopia has announced major reforms, including an immediate shift to a market-determined exchange rate, the removal of most current account restrictions, and the modernization of the monetary policy framework[43dcd9a7-70db-4a1f-b0ae-981daa162054](www.worldbank.... "1"). These reforms are supported by an IMF program and proposed debt relief through the G20 Common Framework[43dcd9a7-70db-4a1f-b0ae-981daa162054](www.worldbank.... "1").
#ዜና #addisababa #ethiopia
ትክክለኛውን የአዲስ ሚዲያ ኔትዎርክ ዲጂታል ሚዲያ የትስስር አውታሮችን በመቀላቀል ቤተሰብ ይሁኑን!
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[@SelamEthiopia_2017]

Ethiopia has faced temporary all rounded problems, including security. But we are on the gate-of-the-cave. Import substitution is on the way, huge development is on some institutions like Ethiopian airlines, tourist destinations are developing, the mining sector particularly gold is on the move, some industries like cement are booming, liberalization of the banking service, energy production, digitalization, urban development and infrastructure, etc are on the good start, even though a lot had to be done yet.

[@FluseMedia]

Thanks for contribution Ato Zemedeneh Negatu

[@RejoiceEthiopia]

የኢትዮጵያ የከፍታ ዘመን አብሮ ሰራተኛ ❤

[@АнтенехТ]

HE IS THE ETHIOPIAN ICON!) THANKS 🎉SO MUCH THATS MOTHER LAND ETHIOPIA HAS LIKE HIM GOLDEN SON!!))

[@Asteway-jo9ow]

Zemedeneh Negatu is a big asset to Ethiopia.

[@Tadeseb-f6w]

What a good analysis

[@mesigmichael4719]

An excellent data driven discussion!:Thank you both! Keep it up AMAN! very exciting time for us Ethiopians if ony we stay focused on working smartly! We are lucky to have our current leadership in place 🙌 💚💛🧡

[@solomonayele1860]

ኮቪድ ያደጉ አገሮችን ኢኮኖሚ ሐብት ስላላቸው ጎድቷል ። እኛን ለማነፃፀር የሚያስችል ጉዳት ምንም የረባ ኢኮኖሚ ስለሌለን ምናችንን በፅኑ ይጎዳል?

[@MohammedAli-qd4mp]

We need Land reform.Land is owned by cadres and corrupt officals

[@addisbuzz]

Here's a revised and clearer version of your text: "I listened to Zemdeneh's interview and was surprised that, as a well-educated economist, he used total GDP growth as an indicator of economic development. It’s well known that during the period he references, Ethiopia’s debt increased significantly. This growth in debt end up increasing the GDP, regardless of whether the funds are directed toward growth-generating activities or spent on war. Additionally, if the government prints money and spends it, this can inflate GDP artificially while also driving inflation. Therefore, total GDP is not the most reliable measure of development. A better indicator would be the Human Development Index (HDI), which provides a more comprehensive view of growth."

[@jj2024-s1d]

Template from IMF & WORLD BANK is always enriching WEST themselves!!!! I have never witnessed with IMF template a country has developed significantly!!! But the country will be shackled financially beyond in the future!!!!

[@SelamEthiopia_2017]

ኢትዮጵያውያን ለምን ነዳጅ ዘይት በጋራ አያቋቁምም?

[@MohammedAli-qd4mp]

Egypt +SHABIYA =WEYANE +SHENE +FANO

[@Abay_Mado]

ይሄ ሠው ማፈሪያ የሚባል ነገር የለውም ሠው እንዴት እድሜ ልኩን በሀገርና በህዝብ ላይ ይቀልዳል.... False Doctor