Summary
Generated
The Ethiopian economy recovered from the El Niño-induced drought and achieved a 10.9% growth rate in 2016/17, driven by a 18.6% growth in industrial output, 10.3% rise in services, and 6.7% expansion in agriculture. The country's economic performance was supported by sound macroeconomic policies, including a managed floating exchange regime, tight monetary policy, and prudent fiscal policy, which helped maintain inflation at a single-digit level and improved the business environment.
Ask about this document