Medeshi Dec 26, 2008
Ethiopia 4th Fastest Growing Economy in the World in 09 - Economist
(nazret) - The Economist magazine predicts Ethiopia's economy to grow by more than 7% in 2009 and predicts the country to be the 4th fastest growing economy for 2009. According to the Economist Intelligence Unit, GDP growth forecasts for 2009, Qatar will be the fastest economy with a GDP growth of close to 14% followed by Malawi, Angola and Ethiopia. Ethiopia's economy is expected to grow faster than red-hot Chinese economy in 2009. The latest GDP growth forecast was published on page 169 of the US edition of The Economist magazine (The Economist December 20th-January 2 2009)
Ethiopia has been described as the fastest non-oil economy in Africa by IMF. CIA World Factbook puts Ethiopia's GDP at $56.05 billion (2007 est. PPP) / $19.43 billion (2007 est. official exchange rate). The Economist's, The World in 2009 magazine, predicts Ethiopia's GDP to reach $31 Billion (PPP $71 Billion) in 2009. If Ethiopia can sustain the economic growth of the last few years, Ethiopia could become the biggest economy in East Africa in few years time.
(nazret) - The Economist magazine predicts Ethiopia's economy to grow by more than 7% in 2009 and predicts the country to be the 4th fastest growing economy for 2009. According to the Economist Intelligence Unit, GDP growth forecasts for 2009, Qatar will be the fastest economy with a GDP growth of close to 14% followed by Malawi, Angola and Ethiopia. Ethiopia's economy is expected to grow faster than red-hot Chinese economy in 2009. The latest GDP growth forecast was published on page 169 of the US edition of The Economist magazine (The Economist December 20th-January 2 2009)
Ethiopia has been described as the fastest non-oil economy in Africa by IMF. CIA World Factbook puts Ethiopia's GDP at $56.05 billion (2007 est. PPP) / $19.43 billion (2007 est. official exchange rate). The Economist's, The World in 2009 magazine, predicts Ethiopia's GDP to reach $31 Billion (PPP $71 Billion) in 2009. If Ethiopia can sustain the economic growth of the last few years, Ethiopia could become the biggest economy in East Africa in few years time.
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