Open Letter to the Prime Minister and Government
On August 3, 2022, the Ethiopian government held its annual meeting to review the macroeconomic performance of the country. The session led by the Prime Minster assessed the country’s economic journey and performance in terms of GDP growth and other macro-economic variables such as inflation, employment creation, export, and investment promotion.
Despite higher inflation, incessant conflicts unfavorable to business, the practice of corruption, global recessions, and rapid population growth—which all have a negative relationship with economic growth—the Prime Minster declared that the country’s economy grew by 6.6Pct. That was considered a miracle and gave credit to the government’s plan and effort.