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COVID-19 slashes growth forecast to 6%

The Government of Ethiopia, due to the effects COVID-19 has on the economy, has reduced its Gross Domestic Product (GDP) growth forecast for this fiscal to six percent from the previous projection of nine percent, The Reporter has learnt.

Economists forecast 10% hit to GDP

Taking into account the wide ranging impacts the coronavirus pandemic has on the global economy, and the impact it has on Ethiopia; economic experts have come-up with preliminary projections, forecasting a 10 percent hit to its GDP.

Eight-month exports fetch USD 1.8 bln

The Ministry of Trade and Industry reported the eight months export performance of the country, stating it has fetched USD 1.8 billion, half a billion lower than its target.