World Bank Sees Ethiopia GDP Grow at 7 Percent for Medium Term

Ethiopia’s economy is likely to grow seven percent a year over the next three to five years, below its average of the last decade, and to push that rate higher, the government needs to change policy to encourage private investment, the World Bank said.

While seven percent GDP growth would be the envy of finance ministers in Western economies, it would fall short of an average rate of 10.6 percent that Ethiopia said it achieved in the last 10 years with its state-interventionist …

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