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DefendTheTruth
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Posts: 13225
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Ethiopia announces austerity measures, not good for PM Abiy's vision of mega-projects

Post by DefendTheTruth » 11 Aug 2023, 14:25

The side of money supply will be cut-back, which should lead to money shortage and thereby commodity price sinking.

Government mega-projects will be under a major threat of running longer or even coming to a stand-still.


PM's vision was to suffer today for our tommorow's benefit but it seemed that this didn't sustain itself. Many citizens are driven into unbearbale poverty.

IMF should now step in and support the people of Ethiopia and safe life.


temari
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Re: Ethiopia announces austerity measures, not good for PM Abiy's vision of mega-projects

Post by temari » 11 Aug 2023, 16:52

DefendTheTruth wrote:
11 Aug 2023, 14:25
The side of money supply will be cut-back, which should lead to money shortage and thereby commodity price sinking.

Government mega-projects will be under a major threat of running longer or even coming to a stand-still.


PM's vision was to suffer today for our tommorow's benefit but it seemed that this didn't sustain itself. Many citizens are driven into unbearbale poverty.

IMF should now step in and support the people of Ethiopia and safe life.

Bro, give it up. The PM and his economic team don’t even know what sound economic policy means even if it hits them in the face. They are a complete disaster. No wonder IMF and the world bank are reluctant to give their money to the irresponsible childish PM who has zero understanding of what the job of a PM actually is. These guys will never ever fix the chronic economic problems of our country as they are too dumb and too incompetent to even comprehend what’s going on let alone to fix it.

Last edited by temari on 11 Aug 2023, 17:12, edited 1 time in total.

Educator
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Posts: 2370
Joined: 03 Jun 2021, 00:14

Re: Ethiopia announces austerity measures, not good for PM Abiy's vision of mega-projects

Post by Educator » 11 Aug 2023, 17:00

Thank you, temari, for trying to educate this dunce PP cadre. But I doubt he gets it.
temari wrote:
11 Aug 2023, 16:52
DefendTheTruth wrote:
11 Aug 2023, 14:25
v=BVfAyCRLByc
Bro, give it up. The PM and his economic team don’t even know what sound economic policy means even of it hits them in the face. They are a complete disaster. No wonder IMF and the world bank are reluctant to give their money to the irresponsible childish PM who has zero understanding of what the job of a PM actually is. These guys will never ever fix the chronic economic problems of our country as they are too dumb and too incompetent to even comprehend what’s going on let alone to fix it.


DefendTheTruth
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Posts: 13225
Joined: 08 Mar 2014, 16:32

Re: Ethiopia announces austerity measures, not good for PM Abiy's vision of mega-projects

Post by DefendTheTruth » 11 Aug 2023, 17:39

Educator wrote:
11 Aug 2023, 17:00
Thank you, temari, for trying to educate this dunce PP cadre. But I doubt he gets it.

Yes, I have no clue on how the "complete disaster" will still get the economy growing and expanding at one of the top rates in the world and specially in Sub-Saharan Africa.

That expansion was made possible despite the many challenges the country had to go throw in the recent years, your TPLF, temari's funfun Fano, and their companions.

Did you ever visit Addis in recent years, after the fall of your beloved woyane.

The city has been transformed from ground up, it is no more the chantty town of your bosses time.

Anyhow, I did make a call to you today under a different thread, why did you fail to respond? No answer?

"Satan Mamo Kilo" has made you irrelevant, hope you get it!

Educator
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Posts: 2370
Joined: 03 Jun 2021, 00:14

Re: Ethiopia announces austerity measures, not good for PM Abiy's vision of mega-projects

Post by Educator » 11 Aug 2023, 20:05

Yes, I was in Addis two years ago for six months. It was during Covid and the Tigray war. The city was still a shanty town. I visited the park , part of the Minilik Palace, paying 300 Birr which was not worth it.
The rest of the city was still the same as five years ago. I used to go every 2 years.
I was born and raised in Addis Ababa and now I live in the US. For me the city is still the same shanty town. But for others who came from Beshash, it may look like Dubai or Manhattan.
One noticeable difference is that when we grew up there, we never had clean water shortage or electric power outage. Now it is a miracle if you get water once a week in the city. Electric blackout is so frequent no one complains, but celebrate when it comes.

Should I continue or stop here to spare you any more depression?
DefendTheTruth wrote:
11 Aug 2023, 17:39
Educator wrote:
11 Aug 2023, 17:00
Thank you, temari, for trying to educate this dunce PP cadre. But I doubt he gets it.

Yes, I have no clue on how the "complete disaster" will still get the economy growing and expanding at one of the top rates in the world and specially in Sub-Saharan Africa.

That expansion was made possible despite the many challenges the country had to go throw in the recent years, your TPLF, temari's funfun Fano, and their companions.

Did you ever visit Addis in recent years, after the fall of your beloved woyane.

The city has been transformed from ground up, it is no more the chantty town of your bosses time.

Anyhow, I did make a call to you today under a different thread, why did you fail to respond? No answer?

"Satan Mamo Kilo" has made you irrelevant, hope you get it!

temari
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Posts: 3916
Joined: 28 Dec 2014, 21:18

Re: Ethiopia announces austerity measures, not good for PM Abiy's vision of mega-projects

Post by temari » 12 Aug 2023, 04:10

DefendTheTruth wrote:
11 Aug 2023, 17:39
Educator wrote:
11 Aug 2023, 17:00
Thank you, temari, for trying to educate this dunce PP cadre. But I doubt he gets it.

Yes, I have no clue on how the "complete disaster" will still get the economy growing and expanding at one of the top rates in the world and specially in Sub-Saharan Africa.

That expansion was made possible despite the many challenges the country had to go throw in the recent years, your TPLF, temari's funfun Fano, and their companions.

Did you ever visit Addis in recent years, after the fall of your beloved woyane.

The city has been transformed from ground up, it is no more the chantty town of your bosses time.

Anyhow, I did make a call to you today under a different thread, why did you fail to respond? No answer?

"Satan Mamo Kilo" has made you irrelevant, hope you get it!
This is the reason why I say PP leaders and cadres don't really understand the basics of economics. What you and your PM are bragging about is GDP without really understanding how GDP is calculated. Let me break it down for you.

Growth rate of gross domestic product (GDP) = Growth rate of population + growth rate of GDP per capita

As you can see from the formula, two factors contribute to the growth of GDP, population growth and GDP per capita. When it comes to GDP per capita, Ethiopia stands at 29th not in Africa but in Sub-Saharan Africa. There is absolutely nothing to brag about it! Kenya has a much better GDP per capita.

So the only remaining factor that is driving Ethiopia's GDP every year is population growth since Ethiopia is the second most populous nation in Africa. Ethiopia's GDP per capita growth is slow while its population is growing every year very fast resulting in higher GDP growth.

In every index other than population number, Kenya is much better than Ethiopia whether it's industry, telecommunication, export, income, tourism, infrastructure, inflation etc. But as Ethiopia has way more population, it beats Kenya in GDP score. When it comes to inflation, Ethiopia ranks 2nd worst in Africa only after Zembwabe. Practically, the incompetent PM is bragging about population growth when he proudly talks about Ethiopia's GDP compared to other African countries since Ethiopia is the second most populous country in Africa.

Instead of understanding the severity and urgency of the bad shape of the economy and its negative impact on the political stability of the country, the inept PM is busy bragging about population growth year in and year out. That I call a disaster!

:arrow: How population growth affects GDP: https://www.investopedia.com/articles/i ... r%20capita

:arrow: World Bank GDP per capita rank of Sub-Saharan countries: https://data.worldbank.org/indicator/NY ... _desc=true

Noble Amhara
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Location: Abysinnia

Re: Ethiopia announces austerity measures, not good for PM Abiy's vision of mega-projects

Post by Noble Amhara » 12 Aug 2023, 04:30

so what are your solutions ms. economist
temari wrote:
12 Aug 2023, 04:10
DefendTheTruth wrote:
11 Aug 2023, 17:39
Educator wrote:
11 Aug 2023, 17:00
Thank you, temari, for trying to educate this dunce PP cadre. But I doubt he gets it.

Yes, I have no clue on how the "complete disaster" will still get the economy growing and expanding at one of the top rates in the world and specially in Sub-Saharan Africa.

That expansion was made possible despite the many challenges the country had to go throw in the recent years, your TPLF, temari's funfun Fano, and their companions.

Did you ever visit Addis in recent years, after the fall of your beloved woyane.

The city has been transformed from ground up, it is no more the chantty town of your bosses time.

Anyhow, I did make a call to you today under a different thread, why did you fail to respond? No answer?

"Satan Mamo Kilo" has made you irrelevant, hope you get it!
This is the reason why I say PP leaders and cadres don't really understand the basics of economics. What you and your PM are bragging about is GDP without really understanding how GDP is calculated. Let me break it down for you.

Growth rate of gross domestic product (GDP) = Growth rate of population + growth rate of GDP per capita

As you can see from the formula, two factors contribute to the growth of GDP, population growth and GDP per capita. When it comes to GDP per capita, Ethiopia stands at 29th not in Africa but in Sub-Saharan Africa. There is absolutely nothing to brag about it! Kenya has a much better GDP per capita.

So the only remaining factor that is driving Ethiopia's GDP every year is population growth since Ethiopia is the second most populous nation in Africa. Ethiopia's GDP per capita growth is slow while its population is growing every year very fast resulting in higher GDP growth.

In every index other than population number, Kenya is much better than Ethiopia whether it's industry, telecommunication, export, income, tourism, infrastructure, inflation etc. But as Ethiopia has way more population, it beats Kenya in GDP score. When it comes to inflation, Ethiopia ranks 2nd worst in Africa only after Zembwabe. Practically, the incompetent PM is bragging about population growth when he proudly talks about Ethiopia's GDP compared to other African countries since Ethiopia is the second most populous country in Africa.

Instead of understanding the severity and urgency of the bad shape of the economy and its negative impact on the political stability of the country, the inept PM is busy bragging about population growth year in and year out. That I call a disaster!

:arrow: How population growth affects GDP: https://www.investopedia.com/articles/i ... r%20capita

:arrow: World Bank GDP per capita rank of Sub-Saharan countries: https://data.worldbank.org/indicator/NY ... _desc=true

temari
Member
Posts: 3916
Joined: 28 Dec 2014, 21:18

Re: Ethiopia announces austerity measures, not good for PM Abiy's vision of mega-projects

Post by temari » 12 Aug 2023, 10:28

I’ve posted above a video of an expert. That’s enough for the start.
Noble Amhara wrote:
12 Aug 2023, 04:30
so what are your solutions ms. economist
temari wrote:
12 Aug 2023, 04:10
DefendTheTruth wrote:
11 Aug 2023, 17:39
Educator wrote:
11 Aug 2023, 17:00
Thank you, temari, for trying to educate this dunce PP cadre. But I doubt he gets it.

Yes, I have no clue on how the "complete disaster" will still get the economy growing and expanding at one of the top rates in the world and specially in Sub-Saharan Africa.

That expansion was made possible despite the many challenges the country had to go throw in the recent years, your TPLF, temari's funfun Fano, and their companions.

Did you ever visit Addis in recent years, after the fall of your beloved woyane.

The city has been transformed from ground up, it is no more the chantty town of your bosses time.

Anyhow, I did make a call to you today under a different thread, why did you fail to respond? No answer?

"Satan Mamo Kilo" has made you irrelevant, hope you get it!
This is the reason why I say PP leaders and cadres don't really understand the basics of economics. What you and your PM are bragging about is GDP without really understanding how GDP is calculated. Let me break it down for you.

Growth rate of gross domestic product (GDP) = Growth rate of population + growth rate of GDP per capita

As you can see from the formula, two factors contribute to the growth of GDP, population growth and GDP per capita. When it comes to GDP per capita, Ethiopia stands at 29th not in Africa but in Sub-Saharan Africa. There is absolutely nothing to brag about it! Kenya has a much better GDP per capita.

So the only remaining factor that is driving Ethiopia's GDP every year is population growth since Ethiopia is the second most populous nation in Africa. Ethiopia's GDP per capita growth is slow while its population is growing every year very fast resulting in higher GDP growth.

In every index other than population number, Kenya is much better than Ethiopia whether it's industry, telecommunication, export, income, tourism, infrastructure, inflation etc. But as Ethiopia has way more population, it beats Kenya in GDP score. When it comes to inflation, Ethiopia ranks 2nd worst in Africa only after Zembwabe. Practically, the incompetent PM is bragging about population growth when he proudly talks about Ethiopia's GDP compared to other African countries since Ethiopia is the second most populous country in Africa.

Instead of understanding the severity and urgency of the bad shape of the economy and its negative impact on the political stability of the country, the inept PM is busy bragging about population growth year in and year out. That I call a disaster!

:arrow: How population growth affects GDP: https://www.investopedia.com/articles/i ... r%20capita

:arrow: World Bank GDP per capita rank of Sub-Saharan countries: https://data.worldbank.org/indicator/NY ... _desc=true

Misraq
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Posts: 17771
Joined: 27 Sep 2009, 19:43
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Re: Ethiopia announces austerity measures, not good for PM Abiy's vision of mega-projects

Post by Misraq » 12 Aug 2023, 11:30

አይ ጋላ በብልጭልጭ ከማሸብረቅ በቀር ምንም የማዪውቅ እንስሳ

DefendTheTruth
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Posts: 13225
Joined: 08 Mar 2014, 16:32

Re: Ethiopia announces austerity measures, not good for PM Abiy's vision of mega-projects

Post by DefendTheTruth » 12 Aug 2023, 11:45

Educator wrote:
11 Aug 2023, 20:05

Should I continue or stop here to spare you any more depression?
Yes, spare me the depression of reading too much stupidity.

The fact that the entry to the park could cost you around 300 ETB means there are people who can afford it (if your income increase then so is also your consumption of goods and services).

Ethiopian farmers deal in a transaction worth of millions today, a small private farmer can afford today to have his rural house and another one in the cities or nearby towns. He can consume more.

If you are talking about the people who can't afford a decent daily meal for themselves, then yes there are plenty of them, which is unfortunate for them primarily. And those people can't afford to visit the parks, they have more pressing needs for themselves of earning their living.

I live in one of the countries considered relatively rich on the global level and there are many people who can afford to spend their holidays in the remote parts of the world, in some sort of exotic beaches, and even recently thriving to spend their time on the ISS. They can afford it, but I can't. Just because of me and many others in my condition the country itself can't be called poor. Yes, spare me from reading too much idiotism in your own scribbling and that of temari's equation of population growth is equated to GDP growth, an embarrassment to yourself.

Is there shortage of basic services in the capital? Yes, definetly. Why? Simply because the service infrastructure couldn't cope with the over-population in the city today.

When you were young the number of residents in the city was perhaps around 2 Million, today it is at over 7 Million and still rising, because there are many of your fara Gojjames flocking into the city in their Debalos and overcrowding it, expanding the shantytowns to other parts of the city.

The government can't keep the expansion of the basic service infrastucture with the rate of the influx.

Is that not enough to spare me from your stupid scribbling here?

Please engage temari, he should be in your club, I am not!
:lol: :lol: :lol:

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