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. 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.

Source: Ethiopian News September 14, 2023 20:01 UTC