Ethiopia is predicted to be the third fastest growing economy in 2011, according to The Economist's  "The World in 2011" Publication, which says Ethiopia is expected to grow by 10% in the coming year, ranking it third behind Qatar and Ghana.

The report said that the new five-year economic plan “will emphasize infrastructure development, industrialization, large-scale commercial farming, and small private enterprise. Donor support and worker remittances will help to keep the national accounts in shape and the economy will grow by 10%".

“Strong agricultural economies” like Ethiopia will, it said, “benefit from rising demand”. Ethiopia and other sub-Saharan countries will gain not just from their abundant commodities but from “the arrival of new sub-marine fibre-optic cables [which] will boost bandwidth, cut costs and stimulate businesses that rely on technology... With recovery in Western economies still looking fragile, there will be a growing appetite to invest in Africa”, it concluded.

Last Updated (Wednesday, 15 December 2010 18:05)