Ethiopia: New forecasts are optimistic, but we stay cautious
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We did not host any meetings on Ethiopia, but it is notable the IMF published WEO forecasts after refraining in October
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The numbers paint a fairly rosy picture – growth rises to 7% in the medium term and public debt's falling
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But we stay cautious: the Common Framework restructuring is still stuck in the mud, peace is far away and reserves low
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.