Impact of COVID-19 on projected inflation in Ethiopia 2020-2021
As of June 2020, the projected inflation rate in Ethiopia was revised, considering the effects of the COVID-19 pandemic. Before the outbreak, the inflation was projected at 12.1 percent in 2020 and 9.1 percent in 2021. Under the assumption of a worst-case scenario, where the pandemic continues to the end of 2020, the outlook was reviewed to 15.5 percent and nine percent as of 2020 and 2021, respectively.
