News

Horn of Africa This Week

Ethiopia’s GDP growth

The World Bank predicts that Ethiopia’s economy would grow at a seven percent annual growth rate over the next 3-5 years. This is lower than the Horn of Africa country’s 10.6 percent rate over the last decade. The Bank recommends boosting private investment in order for the country to attain a middle-income status by 2025. The increase in annual inflation rate to 8 percent in July from only 6.1 percent in April has also raised fears for the possibility of double-digit inflation.

Reuters reported,

Comments

comments

About the author

Mohammed A

Mohammed Ademo is a freelance journalist based in Washington, DC. He's the founder and editor of OPride.com, an independent news website about Ethiopia.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.