Ethiopia: Double Digit Growth or Collapsing Economy?


Habesha Media Newest Ethiopian Information Supplier
Ethiopian authorities’s growing reliance on overseas loans is posing a severe danger of financial collapse, a famend economist has revealed. “Take as an illustration China, which has loaned over $17 billion to the Ethiopian authorities for infrastructure tasks. Our complete funding is 40 per cent of the GDP. Our saving is between 10-20 per cent of the GDP. “We import $13 billion and export $three billion. They’re those who’re filling all these deficit gaps,” mentioned Dr Alemayehu Geda. The Addis Ababa and London universities don was presenting his paper on Overseas Direct Funding (FDI) in Ethiopia and Credit score
The publish Ethiopia: Double Digit Progress or Collapsing Economic system? appeared first on Habesha Media Newest Ethiopian Information Supplier.


Leave a Reply

Your email address will not be published. Required fields are marked *