Ethiopian Economic Growth Slower this Year - BBCEthiopia’s economic growth has slowed down to 8% in 2015/2016 fiscal year, marking its slowest growth in nearly a decade. The country had previously averaged growth of 10% over the last ten years, emerging as one of the fastest developing economies in the world. The planning commission says this year’s projected growth of 11% had been hit by a devastating drought that has affected the harvest in large areas of the country. But the government dismissed those figures, insisting on a higher growth figure of 8%. Some analysts have also predicted that economic growth could further be affected by the anti-government protests in the Oromia and Amhara regions that have seen dozens of foreign owned factories and flowers farms attacked by demonstrators.

Source: Ethiopian News December 03, 2016 04:10 UTC