The Federal Democratic Republic of Ethiopia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia
October 4, 2016
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This 2016 Article IV Consultation highlights that Ethiopia’s macroeconomic outturn during 2015/16 has been adversely affected by a severe drought and the weak global environment. As a result, output growth is estimated to have slowed down to 6.5 percent in 2015/16. The slowdown was mitigated by effective and timely policy responses to the drought, and buoyant industrial and services sectors. Over the medium-term, growth is projected to recover to within the 7.3–7.5 percent range, reflecting the growth-oriented reforms envisaged in the recently adopted second Growth and Transformation Plan. Public investment is projected to moderate, while private investment is projected to increase gradually.
Subject: Expenditure, Exports, External debt, Imports, International trade, Public debt, Public investment and public-private partnerships (PPP)
Keywords: Africa, CR, debt, deficit, Ethiopia, export, Exports, fiscal policy implementation, Global, government, government's action, import growth, Imports, investment project, ISCR, Public investment and public-private partnerships (PPP), public sector savings-investment gap, savings-investment imbalance, Sub-Saharan Africa
Pages:
70
Volume:
2016
DOI:
Issue:
322
Series:
Country Report No. 2016/322
Stock No:
1ETHEA2016001
ISBN:
9781475543643
ISSN:
1934-7685
