Wednesday, June 03, 2009

Ethiopia was hit by hyperinflation of 41 per cent


By Argaw Ashine, Citizen Correspondent, Addis Ababa

Poverty is back to the level of the 1980s in Sub-Saharan Africa, a report reveals.

The document by the United Nations Economic Commission for Africa (ECA) and the Africa Union forecasts harder times for the continent as the economic performance and food security are deteriorating......

The report names five poorest performers in the past five years as Chad, the Comoros, Eritrea, Somalia and Zimbabwe. Ethiopia was hit by hyperinflation of 41 per cent in 2008 while Zimbabwe had higher and the trend remains unstable. Read full report

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