Ethiopia to be the 3rd fastest-growing in 2011-15, forecasts The Economist

Daniel Berhane in EthiopiafeaturedNews Tuesday, January 11, 2011 @ 6:45 am

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)

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View Comments (7)

elias says:

Tuesday, February 1, 2011 @ 11:37 am at Tue, 01 Feb 2011 11:37:04 +0300

@ naizgi sorry ANO is blocked!
abebe says:

Thursday, January 27, 2011 @ 4:14 pm at Thu, 27 Jan 2011 16:14:21 +0300

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 .
tesfay says:

Thursday, January 27, 2011 @ 4:05 pm at Thu, 27 Jan 2011 16:05:48 +0300

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.
dawit says:

Tuesday, January 18, 2011 @ 7:59 pm at Tue, 18 Jan 2011 19:59:11 +0300

nice story ...we hope to be our country among the middle income countries at the near fututre
elias says:

Tuesday, January 11, 2011 @ 5:24 pm at Tue, 11 Jan 2011 17:24:08 +0300

good but where is 11.2?
- Daniel Berhane says:
  
  Tuesday, January 11, 2011 @ 8:52 pm at Tue, 11 Jan 2011 20:52:34 +0300
  
  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.
  - naizgi says:
    
    Thursday, January 13, 2011 @ 11:05 am at Thu, 13 Jan 2011 11:05:05 +0300
    
    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.

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