Ethiopia’s economy seen expanding at 9.2% in 2019/20 FY

Workers sew clothes inside the Indochine Apparel PLC textile factory in Hawassa Industrial Park in Southern Nations, Nationalities and Peoples region, Ethiopia November 17, 2017. REUTERS/Tiksa Negeri

DDIS ABABA (Reuters) – Ethiopia’s economy is projected to expand at 9.2% in 2019/2020 fiscal year, up from a growth rate of 7.7% in previous year, according to the prime minister, Abiy Ahmed.

“The economy will grow by 9.2% for the coming financial year,” Abiy said while addressing parliament on Monday.

Source: Reuters