Saturday, November 12, 2005

Economy: Despite political unrest, Ethiopia heads towards 7% growth rate

Reuters reports that despite the country's unrest, Ethiopia's economy is heading towards a growth rate of more than 7 percent this year.

Fantahun Belew, the head of the finance ministry's macroeconomic policy and management department, claims the economy was on the road to recovery after contracting in 2002. He added that the goal is to achieve 10 percent growth in the long-term