A REVIEW ON MACRO-ECONOMIC VIEW IN ETHIOPIA’S ENTREPRENEURSHIP UNDER COVID-19

The COVID-19 pandemic has caused greater challenge for the investors and policymakers to mitigate the consequences of this pandemic. Through a review of the literature on the economics of the coronavirus (COVID-19) pandemic, this study explores the effects of the pandemic on the entrepreneurship tak...

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Main Authors: Selamawit Assefa Redi, Petr NOVÁK
Format: Article
Language:English
Published: Publishing House of Rzeszow University of Technology 2022-03-01
Series:Modern Management Review
Subjects:
Online Access:https://journals.prz.edu.pl/mmr/article/view/317
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author Selamawit Assefa Redi
Petr NOVÁK
author_facet Selamawit Assefa Redi
Petr NOVÁK
author_sort Selamawit Assefa Redi
collection DOAJ
description The COVID-19 pandemic has caused greater challenge for the investors and policymakers to mitigate the consequences of this pandemic. Through a review of the literature on the economics of the coronavirus (COVID-19) pandemic, this study explores the effects of the pandemic on the entrepreneurship taking in to account the gross domestic product, employment, and inflation (consumer price index) of Ethiopia during the first years of the pandemic. The review reveals that adverse economic effects have been observed due to the COVID-19 pandemic in addition to fatalities. The pandemic has influenced in a negative way the country’s economy by reducing the GDP growth which has been recorded as one of the fastest economies for the last decade. The partial shutdown taken by the government as a response of the pandemic has led million lose their work increasing the unemployment rate and thus triggering inflation on consumers goods.
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spelling doaj.art-2e99c11ae511423baea86ac9ccacfb662022-12-21T23:36:25ZengPublishing House of Rzeszow University of TechnologyModern Management Review2300-63662353-07582022-03-01271697910.7862/rz.2022.mmr.06317A REVIEW ON MACRO-ECONOMIC VIEW IN ETHIOPIA’S ENTREPRENEURSHIP UNDER COVID-19Selamawit Assefa Redi0Petr NOVÁK1Tomas Bata UniveristyUniversity of Tomas Bata UniversityThe COVID-19 pandemic has caused greater challenge for the investors and policymakers to mitigate the consequences of this pandemic. Through a review of the literature on the economics of the coronavirus (COVID-19) pandemic, this study explores the effects of the pandemic on the entrepreneurship taking in to account the gross domestic product, employment, and inflation (consumer price index) of Ethiopia during the first years of the pandemic. The review reveals that adverse economic effects have been observed due to the COVID-19 pandemic in addition to fatalities. The pandemic has influenced in a negative way the country’s economy by reducing the GDP growth which has been recorded as one of the fastest economies for the last decade. The partial shutdown taken by the government as a response of the pandemic has led million lose their work increasing the unemployment rate and thus triggering inflation on consumers goods.https://journals.prz.edu.pl/mmr/article/view/317covid-19entrepreneurshipemploymentgross domestic productinflation
spellingShingle Selamawit Assefa Redi
Petr NOVÁK
A REVIEW ON MACRO-ECONOMIC VIEW IN ETHIOPIA’S ENTREPRENEURSHIP UNDER COVID-19
Modern Management Review
covid-19
entrepreneurship
employment
gross domestic product
inflation
title A REVIEW ON MACRO-ECONOMIC VIEW IN ETHIOPIA’S ENTREPRENEURSHIP UNDER COVID-19
title_full A REVIEW ON MACRO-ECONOMIC VIEW IN ETHIOPIA’S ENTREPRENEURSHIP UNDER COVID-19
title_fullStr A REVIEW ON MACRO-ECONOMIC VIEW IN ETHIOPIA’S ENTREPRENEURSHIP UNDER COVID-19
title_full_unstemmed A REVIEW ON MACRO-ECONOMIC VIEW IN ETHIOPIA’S ENTREPRENEURSHIP UNDER COVID-19
title_short A REVIEW ON MACRO-ECONOMIC VIEW IN ETHIOPIA’S ENTREPRENEURSHIP UNDER COVID-19
title_sort review on macro economic view in ethiopia s entrepreneurship under covid 19
topic covid-19
entrepreneurship
employment
gross domestic product
inflation
url https://journals.prz.edu.pl/mmr/article/view/317
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