2017/18 Second Quarter

The National Bank of Ethiopia's Quarterly Bulletin for the second quarter of 2017/18 provides an overview of the country's macroeconomic and social indicators, including international economic developments, monetary and financial sector developments, and external sector performance. The bulletin reports that Ethiopia's headline inflation declined to 2.6% during the quarter, while the broad money supply increased by 7% and the banking sector's outstanding credit grew by 21.5%. The country's export earnings increased by 16.2% during the quarter, driven by higher earnings from oilseeds, coffee, and leather products. Overall, the bulletin suggests that Ethiopia's economy continued to grow during the second quarter of 2017/18, driven by a combination of factors including increased export earnings, expansion of the banking sector, and growth in the microfinance sector.