Ethiopia’s Economy To Grow

Ethiopia’s Economy To Grow

• Business
• January 31, 2023

A report was presented on the performance of the major macroeconomic indicators of six months the fiscal year.

Minister of Planning and Development, Fitsum Asefa who presented the report recalled that Ethiopia’s economy registered a 6.4 percent growth previously, in the 2014 Fiscal Year; and this year, 7.5 percent growth will be registered based on the projection of the six-month performance.  

She explained that the results obtained in the major macroeconomic indicators in the six months of the fiscal year are indicative to the attainment of the projected growth.  

A report was presented on the performance of the major macroeconomic indicators of six months the fiscal year.

Minister of Planning and Development, Fitsum Asefa who presented the report recalled that Ethiopia’s economy registered a 6.4 percent growth previously, in the 2014 Fiscal Year; and this year, 7.5 percent growth will be registered based on the projection of the six-month performance.  

She explained that the results obtained in the major macroeconomic indicators in the six months of the fiscal year are indicative to the attainment of the projected growth.  

A report was presented on the performance of the major macroeconomic indicators of six months the fiscal year.

Minister of Planning and Development, Fitsum Asefa who presented the report recalled that Ethiopia’s economy registered a 6.4 percent growth previously, in the 2014 Fiscal Year; and this year, 7.5 percent growth will be registered based on the projection of the six-month performance.  

She explained that the results obtained in the major macroeconomic indicators in the six months of the fiscal year are indicative to the attainment of the projected growth.  

The minister stated that the agricultural sector is in the forefront in sustaining the growth, registering 6.7 percent in the last six months. 

Fitsum also stated that the agricultural sector supports the growth of the export trade, making significant contribution to the growth of the macro economy.

Source: ENA(JANUARY 30)