Tuesday, August 27, 2013

Rapidly expanding growth in Ethiopia dips to 7%

(Reuters) - Ethiopia's economy is likely to grow 7 percent a year over the next three to five years, below its average of the last decade, and to push that rate higher, the government needs to change policy to encourage more private investment, the World Bank said.

While 7 percent gross domestic product (GDP) growth would be the envy of finance ministers in Western economies, it would fall short of an average rate of 10.6 percent that Ethiopia said it achieved in the last 10 years with

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