Ethiopia Food & Drink Q4 2018
Ethiopia's economic growth will be robust over the remainder of our forecast period (2019 - 2022) averaging 7.4% y-o-y.However, elevated inflation on the back of the currency devaluation in October 2017 will constrain consumer purchasing power inH218. Indeed, the country's high dependence on imported food will keep inflation high. Looking ahead, we expect inflation tomoderate from our forecast of 13.8% in 2018 to 8.5% in 2019.
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