“The global economic slowdown, tighter monetary and fiscal conditions, and high debt sustainability risks will remain a drag on the region’s growth prospects,” said Mr Elhiraika. On inflation, the report says that after surging for two years, global inflation eased in 2023 but remained above the 2010-2019 average. After surging for two years, global inflation eased in 2023 but remained above the 2010-2019 average. In 2023, global trade growth weakened significantly to an estimated 0.6 per cent, a sharp decline from 5.7 per cent in 2022. Central banks must navigate a delicate balance between inflation, growth and financial stability.

Source: News Business Ethiopia January 26, 2024 14:21 UTC