Research confirms Ethiopia's high growth

By Business in Africa

April 18, 2006

Ethiopia has managed an average GDP growth of seven percent over the past three years and brought inflation down from 15 percent to five percent. The figures, which are the most impressive amongst the six African countries striving to attain the millennium development goals (MDGs) and this has resulted in sceptics as to the accuracy of the figures.

However, research compiled by the African Development Bank (ADB), the United Nations Development Programme (UNDP), and the World Food Programme (WFP) has confirmed the country’s noteworthy growth.

Researchers have linked the growth to government’s role in diversifying the economy away from agriculture while searching for new markets.

The government said that growth would remain sustainable as it increases partnership between agriculture and industry sectors

(Business in Africa)