Macro Analysis /
Ethiopia

Ethiopia: Quarterly Macroeconomic Review – Q1 2021

  • Most macro indicators for the first quarter of 2021 showed a recovery from COVID-related shocks

  • Outlook is clouded by the conflict in Tigray, heightened geo-political tensions, and rising risks to external funding

  • We are confident in our 4% GDP growth projection for 2020-21 but less confident of our 7.5% forecast for 2021-22

Cepheus Capital Research
16 June 2021