Tag Archives: persistent double-digit inflation

Remittances outperform exports, a sign of further troubles in Ethiopia’s economy

28 Mar

By Kirubel Tadesse

As remittances surge outperforming revenues from the country’s exports, says the National Bank of Ethiopia (NBE).

Poor export income means the country’s already ailing trade balance is worsening as growth of imports, on top of hyper inflation, outpace exports’ small growth, further burdening the economy.
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