Ethiopian Economy May Double over Next 9 Years – AfDB’s Ncube
Ethiopia’s economy may double in size over the next nine years, African Development Bank Chief Economist Mthuli Ncube said in a speech in Johannesburg today. Ncube predicted that Ethiopia’s economy mig
ht expand 10 percent this year and East Africa would expand by about 6.7 percent in 2011 and 2012.
Ncube’s prediction stands in contrast to the International Monetary Fund’s (IMF) prediction, made on 30 May 2011, of lower economic growth at 6 percent for Ethiopia in the 2011/12 fiscal year.
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