War leaves a devastating impact on a nation's economy, and Ethiopia is no exception. The economic effects of war are far-reaching, with the most significant loss being human capital. In 2021 Ethiopia's economy grew by a mere 2.5%, a significant drop from the 10.2% growth rate in 2019. The report also highlights that the war in northern Ethiopia directly affects one-third of the population in regional states. In summary, Ethiopia faces significant economic challenges in the aftermath of the war.
Source: Ethiopian News June 01, 2023 10:47 UTC