World Bank (WB) forecasted Ethiopia’s economy to expand by 8.3 percent in the year 2017. The report was released on June 5, 2017.

According to WB’s report stipulates despite a ‘fragile’ global economy prospects, economies in the Sub-Saharan Africa are recovering supported by modestly rising commodity prices, strengthening external demand, and the end of drought in a number of countries.

In addition to Ethiopia, the report includes the forecast for other Sub-Saharan economies. The forecast shows Tanzania’s economy will expand by 7.2 percent, Côte d’Ivoire’s by 6.8 percent and Senegal’s by 6.7 percent.

Source: Fana Broadcasting Corporation