Africa Economy Ethiopia Finance Government

Ethiopia’s economy grew 6.1% in the 2019/20 FY – PM

Ethiopia’s economy grew 6.1% in the 2019/20 (July 8-July 7) fiscal year, its Prime Minister Abiy Ahmed said on Monday.

In June, the Finance Ministry had said the economy had been projected to grow 9% for the period.

“For eight months we registered a healthy economic growth but after that, then coronavirus came and for the remaining four months we faced challenges,” Abiy told lawmakers.

Also read: New currency notes get 1 million Ethiopians into banking system

Source: Reuters

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