Viewpoints | Aug 16,2020
May 1 , 2021
Dubbbed “Ensuring Resilient Recovery from COVID-19,” the update cites that the employment rate in rural areas has recovered to pre-COVID levels, while the rate in urban areas is still lagging behind, albeit only slightly. Ethiopia's economy recovers from the impacts of COVID-19 despite a fall in foreign direct investment and a slight decline in export proceeds, reads the latest economic update from the World Bank (WB).
Dubbbed “Ensuring Resilient Recovery from COVID-19,” the update cites that the employment rate in rural areas has recovered to pre-COVID levels, while the rate in urban areas is still lagging behind, albeit only slightly.
The increase in service exports, which had been falling during the earlier days of COVID-19, and the soar in remittance flow have contributed to the recovery of Ethiopia's economy, the Bank noted.
Miguel Eduardo Sánchez Martín, World Bank senior country economist and lead author of the report, finds these outcomes are "a good indication that the Ethiopian economy is starting to recover from the COVID-19 crisis."
The economist, however, warned that "recovery may be uneven" with the surge in the number of new infections in February and March 2021.
Over a year into the pandemic, Ethiopia has so far reported more than a quarter of a million cases, while one million people have taken the first doses of the AstraZeneca and Sinopharm vaccines.
PUBLISHED ON
May 01,2021 [ VOL
22 , NO
1096]
Viewpoints | Aug 16,2020
Radar | Oct 31,2020
Radar | May 26,2021
Commentaries | Nov 29,2020
Covid-19 | Apr 10,2020
Editorial | Dec 19,2021
Radar | Dec 05,2020
Radar | Oct 03,2020
Fortune News | Feb 06,2021
Commentaries | Dec 04,2020
Comments are closed.
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
May 14 , 2022
Diana Yohannes is one of those actively engaging in social media platforms with her T...
May 7 , 2022
The Ethiopian Economic Association (EEA) recently proposed the formation of a macroec...
April 30 , 2022
There is no ambiguity in the UNDP's assessment of Ethiopia’s economic performance a...
April 22 , 2022
Most African countries top the list when ranked on the prevalence of conflict, food i...
Loading your updates...
This report must have been written before the outbreak of war with Tigray. The amount of finance that must have been spent to maintain the deployment of its Army must have significant affect on the Economy. Ethiopia has struggled with the lack of foreign currency for years and years and must even worse under present circumtances.