Ethiopia to be the 3rd fastest-growing in 2011-15, forecasts The Economist
Ethiopia is expected to stay on the course of economic stride in the coming 5 years. An analysis by The Economist, published last Friday, rated Ethiopia’s GDP performance of the last decade as the fifth fastest growth globally. The article also projects that Ethiopia’s GDP to be the 3rd fastest growing from 2011-2015.
Interestingly, the analysis by The Economist regarding Ethiopia’s GDP growth rate of the last 10 years concurs with the
data from WorldBank. While The Economist stated Ethiopia’s GDP had been growing at 8.4% on average in the last 10 years, the WorldBank figure of Ethiopia’s average annual growth rate from 2001-2009 is 8.314626. The Economist is known for making its own analysis and projections.
It should be noted that Development Deniers often quote statements by The Economist to cast doubt on Ethiopia’s economic performance. You may read The Economists’ article here(Link)
good but where is 11.2?
This is 10 years average. This includes the negative GDP growth of 2003.
But in the last 7 years, it was above 10% in average.
Plus, it’s common for these western institutions to expect lower performance of developing countries. That’s why they get ‘surprised’ every years. If you had noticed IMF always projected 7-8% growth in the past years, but at the end of the year it raises it figures.
Plus, the 10-15% growth is just a plan.
nice article but we don’t need The Economist to tell us what the figures are, we have a government to do that. but for the DEVELOPMENT DENIERS this is a “AN American CONSPIRACY to make meles look good”. expect the same phrase at Addisneger (ANO) by a respected Oxford student.
nice story …we hope to be our country among the middle income countries at the near fututre
that news is surprise for these rubbish three elements
1. shaebia
2.olf and onlf
3. diasporas from amharic and oromo who resigned or left ethiopia more than four years.
bad news , bad news for ethiopia enemies……….. i think ethiopia in the near future will be heaven and civilized becouse its people smart,wise ………in addition the highly confidence being we have not not been colonized it leads as to build and manage every thing by our selves .
@ naizgi sorry ANO is blocked!