The Fastest Growing Economy In the world for 2017 Is Ethiopia
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The Fastest Growing Economy In the world for 2017 Is Ethiopia

The Fastest Growing Economy In the world for 2017 Is Ethiopia

Tigrai Online, June 24, 2017


According to the World Bank’s latest edition of Global Economic Prospects Ethiopia is the fastest growing economy in the world for 2017. The Ethiopian economy will grow by 8.3% in 2017 says the World Bank’s report. In comparison the global economy will only grow by about 2.7%.

The following courtiers are the world’s fastest growing economies

Ethiopia               8.3%
Uzbekistan         7.6%
Nepal                    7.5%
India                      7.2%
Tanzania              7.2%
Djibouti               7.0%
Laos                       7.0%
Cambodia           6.9%
Myanmar            6.9%
Philippines         6. 9%

Seven of the top ten countries are from Asia and 3 are from Africa. Ethiopia’s economy is growing in such fast pace because the EPRDF government has created the right policy and economic strategy for the country. Most of all it has majority of the Ethiopian people on its side.

World Bank says the Fastest Growing Economy In the world for 2017 Is Ethiopia

There are two groups who are still not happy about the Ethiopian government’s execution of its economic policy in Ethiopia. The first group is angry because all this miraculous economic growth and transformation didn’t take place when they were in power, so they oppose or nitpick everything the government does. The second group is angry because the government is constantly trying to appease the first group despite their destructive nature.

Some Ethiopians are not happy the government is crowding most of the investment in the capital Addis Ababa instead of distributing it in fairly equal manner throughout the country. Especially when the city’s belonging is always in question, focusing all the domestic and foreign investment in one city is not very wise some people say. Those who are destroying millions of dollars worth of private and public investment should not be rewarded with much bigger and better factories and other investments without insuring that is not going to happen again.

Despite the grumbling of some people the Ethiopian economy is growing more than any country on earth. Now the federal government should turn its attention to making sure the wealth and benefits of the fastest growing economy is advantageous to the average Ethiopians.

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