May 10/2022 /ENA/ Indicators of the past 9 months macro economic performance of Ethiopia show that the country’s economy will grow by 6.6 percent, Plan and Development Minister Fisum Assefa said. The National Macro Economic Council of Ethiopia reviewed the 9-month performance of the nation’s macro economy in the presence of Prime Minister Abiy Ahmed today. In her report, the minister highlighted the impacts of the Russian-Ukraine war on the country’s economy. The price of one ton of fertilizer which was 250 USD has inflated to over 1,300, Fitsum stated. As a result of the war between the countries, the Ethiopian government needs up to 1.9 billion USD until the end of the Ethiopian fiscal year.

Source: Ethiopian News May 11, 2022 12:37 UTC