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Ethiopian economy takes a hit as export earning drops

In the face of an ongoing political volatility, the macroeconomic performance of Ethiopia, exacerbated by soaring double digit inflation and decline in export earning, is becoming a matter of grave concern to the nation, Ministry of Finance said this week.

IMF softens tone on Ethiopia, projects high growth

Projects a nine percent GDP growth Unlike preceding Article IV consultation reports on the Ethiopian economic affairs, the International Monetary Fund (IMF) has relaxed its judgment on how the government of Ethiopia is managing the economy.