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Eritrea Rank 3Rd Fastest Growing Economie In 2011 In The World! Noter : -----

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12-février 10

Posté 30 novembre 2010 - 12:39

ethiopia and Eritrea rank 3rd fastest growing economies for 2011 - Economist




Ethiopia and Eritrea rank 3rd fastest growing economies for 2011 - Economist

Ethiopia along with Eritrea are predicted to be the third fastest growing economies in 2011, according to the Economist's "The World in 2011" Publication. The paper said, both Ethiopia and Eritrea are expected to grow by 10% for the coming year and rank third behind Qatar and Ghana.

Qatar with its burgeoning gas sector economy is the fastest growing economy in the world for the second year in a row. Eritrea is a new comer with most of the growth coming from the mining sector, the magazine said. A Chinese-funded cement factory is expected to open in 2011 in Eritrea, wrote the paper.

"The ruling Ethiopian People's Revolutionary Democratic Front tightened its grip in 2010 elections, knocking a fragmented opposition out of the game until 2015. A New five-year economic plan will emphasize infrastructure development, industrialization, large scale commercial farming, and small private enterprise. Donor support and worker remittances will keep the national accounts in shape and the economy will grow by 10%", said the report.

On its "To watch" prediction, the magazine said, "Ethiopia's support for the beleaguered government of Somalia will continue, cementing its strategic importance in the Horn of Africa and tightening its alliance with the United States".
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