Ethiopia economy slows | BBC


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Emmanuel Igunza BBC Africa, Addis Ababa Ethiopia’s financial progress has slowed down to eight% in 2015/2016 fiscal yr, marking its slowest progress in almost a decade. The nation had beforehand averaged progress of 10% during the last ten years, rising as one of many quickest growing economies on this planet. The planning fee says this yr’s projected progress of 11% had been hit by a devastating drought that has affected the harvest in massive areas of the nation. The Worldwide Financial Fund (IMF), had earlier warned that Ethiopia’s financial system would shrink to simply 4.5% this yr because of the drought,
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