IMF Omits Ethiopia in Growth Forecast

Oct 16 , 2021

The IMF has omitted Ethiopia in its latest GDP growth forecast, citing uncertainty. This is the first time the organisation has failed to include the country in the report it publishes biannually. Last year, the IMF initially projected the Ethiopian economy would not exhibit any growth before amending the figure to two percent. "For Ethiopia, projections for 2022–26 are omitted due to an unusually high degree of uncertainty," reads the World Economic Outlook document published last week. Experts caution the missing projection could further tarnish investors' outlook on the country. Neighbouring Kenya is expected to maintain an average GDP growth of close to six percent over the coming four years