The Effect of COVID -19 on Industry Sector in Ethiopia

Abstract

Industrialization in Ethiopia is dated back to imperial regime. Starting from the time ofcommencement till today different industrial development plans has been set and thentremendous results have been achieved too. Before the pandemic, each sectors of economy hasshown trend of increment in the GDP contributions and labor employments. These in turn makesthe country to run on the right track of development. But nowadays, COVID-19 is becomingpotential threat for all sectors of the economy. Also, as the global economy is in higher term oilconditions, it goes without saying that there would be disruptions in domestic demands. In turn,this has adverse impact on the level of jobs and income that most self- employed earned.Besides, as the manufacturing and construction sector deploy more temporary and dailylaborers, the level of social crisis is highly pronounced on these sub sectors than the othersectors. Hence, curbing the challenge of the pandemic is a function of creating a resilientorganization that analyzes possible risks in advance and making safety precaution, creatingcollaborative system with in industries and changing the trend of production to COVID-19related products.