As of June 2020, the COVID-19 pandemic was anticipated to have a negative effect on the current account of Ethiopia. Considering the coronavirus outbreak persists until the end of 2020, a deficit of 6.3 percent of the GDP was projected for the same year. In comparison, before the pandemic, the outlook was a deficit of 5.3 percent of the GDP. Moreover, the deficit on the budget balance in 2021 was revised to 5.9 percent of the GDP (in the worst-case scenario), up to 5 percent of the GDP, under the baseline assumption that coronavirus did not occur.
Impact of coronavirus (COVID-19) on projected current account balance in Ethiopia in 2020 and 2021
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AfDB. (June 1, 2020). Impact of coronavirus (COVID-19) on projected current account balance in Ethiopia in 2020 and 2021 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1169881/impact-of-covid-19-on-projected-current-account-balance-in-ethiopia/
AfDB. "Impact of coronavirus (COVID-19) on projected current account balance in Ethiopia in 2020 and 2021." Chart. June 1, 2020. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1169881/impact-of-covid-19-on-projected-current-account-balance-in-ethiopia/
AfDB. (2020). Impact of coronavirus (COVID-19) on projected current account balance in Ethiopia in 2020 and 2021. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1169881/impact-of-covid-19-on-projected-current-account-balance-in-ethiopia/
AfDB. "Impact of Coronavirus (Covid-19) on Projected Current Account Balance in Ethiopia in 2020 and 2021." Statista, Statista Inc., 1 Jun 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1169881/impact-of-covid-19-on-projected-current-account-balance-in-ethiopia/
AfDB, Impact of coronavirus (COVID-19) on projected current account balance in Ethiopia in 2020 and 2021 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1169881/impact-of-covid-19-on-projected-current-account-balance-in-ethiopia/ (last visited September 20, 2024)
Impact of coronavirus (COVID-19) on projected current account balance in Ethiopia in 2020 and 2021 [Graph], AfDB, June 1, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1169881/impact-of-covid-19-on-projected-current-account-balance-in-ethiopia/