Ethiopia to remain East Africa's fastest growing economy – 2018 World Bank forecast - News Summed Up

Ethiopia to remain East Africa's fastest growing economy – 2018 World Bank forecast


The Ethiopian economy will maintain its growth lead for the East African region according to the latest World Bank report. The economy, however, dropped a step in growth forecast in the Sub-Saharan Africa (SSA) region, falling behind Ghana. In June 2017, the WB forecast Ethiopia as the most expansive in SSA pegging growth at 8.3%. Among East African countries, Ethiopia is likely to remain the fastest growing economy, but growth is expected to soften as it takes measures to stabilize government debt. The report said: “Among East African countries, Ethiopia is likely to remain the fastest growing economy, but growth is expected to soften as it takes measures to stabilize government debt.


Source: Ethiopian News January 11, 2018 13:44 UTC



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