The International Monetary Fund (IMF) has said it expects Ethiopia’s economy to grow 6.1 percent in 2023. In its World Economic Outlook report released Tuesday, the IMF said it expects Ethiopia’s economy to grow 6.4 percent in 2024. The report also put the East African country’s economic growth in 2022 at 6.4 percent. Ethiopia’s Minister of Planning and Development Fitsum Assefa said in January that she expected Ethiopia’s economy to grow at 7.5 percent during the current 2022/2023 Ethiopian fiscal year, which started on July 8. During the previous 2021/22 fiscal year, the East African country recorded a 6.4 percent growth, according to figures from the Ethiopian government.

Source: Ethiopian News April 14, 2023 09:13 UTC