Kenya Overtakes Ethiopia as East Africa's Largest Economy

According to IMF projections, Ethiopia's economy is expected to grow by 9.2% this year, which is double the sub-Saharan Africa average. However, the Ethiopian Birr's depreciation against the dollar has significantly impacted the country's economic standing. Consequently, Kenya has overtaken Ethiopia as the largest economy in East Africa, with a GDP of 135.92 billion dollars. Despite Ethiopia's strong growth rate, which trails only South Sudan in the region, the country faces challenges with inflation, forecasted at 11.7%. This inflation rate remains notably higher than the regional average of 8.6%.