Following a public sector-led growth model, Ethiopia recorded robust real GDP growth, averaging 10.2% per annum during 2005-2019. However, by 2019, the model started showing its limits, even before the domestic conflict, the COVID-19 pandemic and the Russia-Ukrain war. Real GDP growth decelerated to 8.4% in 2019 and 6.4% in 2022; inflation rose from 5.2% […]