Economist Warn Ethiopia’s Overstretched Economy Risks Collapse

By Andualem Sisay | for Africa Review, The Ethiopian government’s growing reliance on foreign loans is posing a serious risk of economic collapse, a paper presented Friday by a renowned local economist says. “Take for instance China, which has loaned over $17 billion to the Ethiopian government for infrastructure projects. Our total investment is 40 […]

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Ethiopia: “Double Digit” Economic Growth – Reality Check

By Sophia Tesfamariam, The minority regime in Ethiopia and its handlers have tried to hoodwink the Ethiopian people and the international community by misrepresenting facts about the country and its economy. With the western media in tow, Ethiopia’s leaders reported “double digit” economic growth in Ethiopia and labeled it “one of Africa’s top performing economies”.

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Eritrea’s 2015 Economic Outlook

By Nyende Magidu, ERITREA is aiming at creating a modern, private sector-led economy (Macro Policy 1994; National Indicative Development Plan 2014-2018). Attaining this objective is, however, compromised by an inadequately enabling investment and business environment, United Nations sanctions, and overall weak macroeconomic conditions. Real GDP growth is projected to increase from 2.0% in 2014 to 2.1% in 2015, double the […]

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Eritrea’s Economic Growth Improved in Q3 2014

By East Africa Quarterly Bulletin, THE East Africa Quarterly Bulletin, which monitors socio-economic developments across the continent, has been released by country economists and country program officers of the African Development Bank Group’s (AfDB) East Africa Regional Resource Center (EARC), Nairobi, Kenya. According to the report, Economic growth in Eritrea improved during the third quarter […]

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Eritrea’s 2015 – 2017 Economic Outlook According to the World Bank

By Fikrejesus Amahazion, THE World Bank cut its forecast for global growth this year. According to its semi-annual Global Economic Prospects report,[i] released today in Washington, the world economy will expand 3 % in 2015, down from a projection of 3.4 % in June.[ii] Developing economies are expected to see an increase in growth from […]

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