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Impact of COVID-19 on projected real GDP growth in Ethiopia 2020-2021

As of June 2020, the real Gross Domestic Product (GDP) growth in Ethiopia was revised down, considering the effects of the COVID-19 pandemic. In a worst-case scenario, where the coronavirus persists through December 2020, the projected GDP for the same year was reviewed to 2.6 percent. Before the outbreak, the forecast was at 7.2 percent. Under the same scenario, the GDP growth in 2021 was revised to 3.1 percent, while the previous projection was at 7.1 percent.

Ethiopia registered the first coronavirus infection on March 13, 2020. By September, more than 68 thousand cases were recorded in the country.

Impact of coronavirus (COVID-19) on projected real GDP growth in Ethiopia in 2020 and 2021

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Source

Release date

June 2020

Region

Ethiopia

Survey time period

June 2020

Special properties

real GDP growth at market prices

Supplementary notes

Assumptions:
1) Baseline scenario: pandemic subsides in July 2020
2) Worst-case scenario: pandemic continues to December

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