Gov’t spending key driver of Ethiopia’s economic boom

Addis Ababa, February 5, 2016 (FBC) – Ethiopia led the pack of fastest-growing economies — not just in Africa, but in the world — in 2015. While many African nations are struggling to cope with plunging currencies and falling revenue from commodities, Ethiopia’s economy grew 8.7 percent last year and is set to expand 8.1 percent in 2016, according to International Monetary Fund estimates. Globally, only Papua New Guinea grew faster last year, at 12.3 percent.
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