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Ethiopian economists express concern that civil war, instability in regions cripple national economy in the New Year

Ethiopian Economy _  borgen magazine
Image credit : borgen magazine

By Staff Reporter

ADDIS ABABA – (BORKENA) –  Financial and economic experts expressed concern that the ever intensifying war and the ongoing instability in Amara and Oromia Regions along with the high cost of living, may put the national economy in doldrums during the just ushered in Ethiopian New Year, sources said.

Voice of America, Amharic Service pointed out quoting scholars in the economic sector that the peace agreement signed last year in Pretoria was a good opportunity to the war-affected Ethiopian economy.

The scholars said that the deteriorating peace disruption had created pressure on the general production process followed by several economic hazards including inflation. This lack of peace is expected to become a threat to the economy in the Ethiopian New Year, according to the economic professionals.

BORKENA reported days back that apart from the frequently cited reasons for  inflation rise in the last 2015 Ethiopian Fiscal Year, the policy measures taken by the government have also played roles in worsening the inflation. The economists indicated that the price hike in fuel, including other government policy decisions, contributed to the inflation rise. They urged that problems, such as security and stability, should be addressed so that this inflation won’t be carried over into this new  Ethiopian budget year.

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1 COMMENT

  1. Subject: “Ethiopian economists express concern that civil war, instability in regions cripple national economy in the New
    Year” September 14, 2023

    Humble Opinion, 15 Sept 2023
    1. “concern”?!?!?! It is millions more than that!!!!
    2. ETHIOPIA has regressed and gone backward to the legendary and inherently ugly name for us BLACK AFRICANS.
    3. I will not repeat the given ugly name here.
    4. Still, in any case, the expression “LIVE” scarcely applied in our beloved Black African Continent in its entirety.
    5. And Ethiopians will not have enough time to challenge the name given.
    6. Instead, Ethiopians will be busy squabbling among themselves on the DIVISION of ETHIOPIA into pieces — while they
    are safe and sound in foreign colonial forces of ‘yester-years’!!!
    7. Nostalgia for colonialism by colonized people would be the right expression.
    8. That seems to be their best profession.
    9. One of the few LONGEST INDEPENDENT COUNTRY, ETHIOPIA, has come down to the GUTTER with pieces of lands
    for various tribes.
    10. Please use the Italian Colonial Expression for “GOOD BYE ETHIOPIA”
    11. Colonialists have absolutely no feeling for BLACK African Countries.
    12. WE BLACK AFRICANS LIVE with it ………N0! NO! NO! “We EXIST” with it.
    13. And — admit it —we are very, very, very tranquil in Enemies Countries.
    14. We cannot LIVE in our own countries leisurely, happily and tranquilly.
    15. Yes, Yes, Yes, Admit it >>>> at the VERY LEAST, to YOUR OWN SELF (silently, of course!!!)
    ——THE END ——

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