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Impact of coronavirus (COVID-19) on projected current account balance in Ethiopia in 2020 and 2021

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Source

Release date

June 2020

Region

Ethiopia

Survey time period

June 2020

Supplementary notes

Assumptions:
1) Baseline scenario: pandemic subsides in July 2020
2) Worst scenario: pandemic continues to December

Citation formats

Impact of COVID-19 on projected current account balance in Ethiopia 2020-2021

Published by Zeynep Dierks, Sep 23, 2020
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 *** percent of the GDP was projected for the same year. In comparison, before the pandemic, the outlook was a deficit of *** percent of the GDP. Moreover, the deficit on the budget balance in 2021 was revised to *** percent of the GDP (in the worst-case scenario), up to * percent of the GDP, under the baseline assumption that coronavirus did not occur.
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