Ethiopia - One of the Fastest Growing Economies in the World

The Economist predicts Ethiopia’s economy will grow by 7 per cent in 2010. It also estimates inflation will be reduced by 12 per cent.

According to information posted in its website, it also said Ethiopia has become five top fastest growing economies in the world.

The magazine predicts Qatar to top the fastest growing economies in the world with a GDP growth of 24.5per cent followed by China, Congo (Brazzaville), Turkmenistan and Ethiopia.

Ethiopia's GDP is expected to reach 35 Billion USD in 2010 and inflation is estimated at 12 per cent. Kenya which is the biggest economy in East Africa is predicted to have a GDP of 38 Billion USD in 2010.

It said if Ethiopia's GDP growth forecast is accurate, Ethiopia could soon surpass Kenya, to become East Africa's biggest economy.