Skip to Content

Ethiopia’s economy struggles as war reignites in Tigray

KVIA

NAIROBI, Kenya (AP) — Once home to one of Africa’s fastest growing economies, Ethiopia is struggling as the war in its Tigray region has reignited and weary citizens far from the front are pleading for peace. Ethiopians are experiencing the highest inflation in a decade, foreign exchange restrictions and mounting debt amid reports of massive government spending on the war effort. Parliament early this year reportedly approved an additional $1.7 billion budget for defense. Ethiopian officials paint a rosy picture for the country of well over 110 million people. But the Ethiopian Economic Association’s meeting this month made clear the country is hurting.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content