Economy
World Bank Warns Security and Regional Tensions Threaten Ethiopia's Economy
Wazema · 5 hours ago · Read the Full Story on Wazema
AI SUMMARY
The World Bank warns that ongoing security issues in Amhara and Oromia and tensions with Eritrea threaten Ethiopia's economy, projecting growth to slow to 7.8 percent next year.
- The World Bank warns that ongoing security issues in the Amhara and Oromia regions and tensions with Eritrea pose significant economic risks.
- The warning was included in the bank's recently released report on Africa's economic conditions.
- Ethiopia's economy is projected to grow by 9.2 percent in the current European year.
- Economic growth is expected to decline to 7.8 percent in the following European year.
- Growth is projected to recover and increase to 8.2 percent by the year 2028.
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