IMF says Ethiopia economy to slow in 2011/12

published 351 days, 47 minutes ago posted by adminadmin 351 days, 47 minutes ago
Sunday, June 05, 2011 9:25:48 PM GMT Sunday, June 05, 2011 9:25:12 PM GMT

Jun 1 (Reuters) - * 2011/12 growth seen at 6 pct vs 7.5 pct this year

  • Annual inflation leapt to nearly 30 pct in April (Adds details, background) ADDIS ABABA, June 1 (Reuters) - Ethiopia's economic growth will slow to about 6 percent in the 2011/12 fiscal year due to high inflation, restrictions on private bank lending and a trickier business environment, the International Monetary Fund said. "The principal macroeconomic challenge is su...
Digg It category: Economy | | source: af.reuters.com | show counter code tags: Addis Ababa, Bank, economy, ethiopia, IMF

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