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Ethiopia economy slows | BBC



Habesha Media Newest Ethiopian Information Supplier
Emmanuel Igunza BBC Africa, Addis Ababa Ethiopia’s financial progress has slowed down to eight% in 2015/2016 fiscal 12 months, marking its slowest progress in practically a decade. The nation had beforehand averaged progress of 10% over the past ten years, rising as one of many quickest creating economies on the planet. The planning fee says this 12 months’s projected progress of 11% had been hit by a devastating drought that has affected the harvest in giant areas of the nation. The Worldwide Financial Fund (IMF), had earlier warned that Ethiopia’s economic system would shrink to simply 4.5% this 12 months because of the drought,
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