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Q1 Ethiopia is a low-income country in East Africa. Ethiopia's GDP has experienced a steady growth rate of roughly 8% per year over the previous
Q1 Ethiopia is a low-income country in East Africa. Ethiopia's GDP has experienced a steady growth rate of roughly 8% per year over the previous 5 years and its GPD is significantly above potential GDP. Inflation in Ethiopia has increased from 4% 6 years ago, to 15% last year. During the same period, unemployment has fallen from 10% to 2% Ethiopia has also seen an decrease in its debt to GDP ratio from 60% to 42% over the last five years. Ethiopia does not have an aging population. The proportion of Ethiopia's population aged 65 or older is projected to remain constant until at least 2050, with the current percentage of the population aged 65 or older standing at about 8%. Ethiopia operates a flexible exchange rate. Advise the Ethiopia Government on appropriate macroeconomic policies, taking into account the short, medium and long run
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