Home | News    Tuesday 1 December 2009

Ethiopia predicted as world’s 5th fastest growing economy in 2010

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By Tesfa-Alem Tekle

Nov 30, 2009 (ADDIS ABABA) - A new global economic forecast released by the economist magazine has placed Ethiopia as the 5th fastest economy growing country for the year 2010.

The UK-based magazine predicts Qatar as the top fastest growing economies in the world, followed by china, Congo, Turkmenistan and Ethiopia.

The magazine argued that, with IMF rewarding the government’s economic management with financial support, and a strong performance in agriculture, will make Ethiopia among the top five economy booming countries.

It further said that Ethiopia’s GDP is expected to reach 35 Billion USD in 2010.

If the forecast went accordingly, Ethiopia could soon become an economic power in the horn of Africa’s region, surpassing Kenya.

Ethiopia expects double-digit growth in 2010 for a seventh year running

While addressing to parliament, Ethiopian president Girma Woldegiorgis
Last month said that country will register a growth rate of more than 10 percent for the seventh consecutive year and keep inflation at less than 10 percent.

Ethiopia’s gross domestic product (GDP) is expected to grow 10.1 percent during 2009.Ethiopian opposition parties routinely say the government’s economic statistics are unreliable. The government denies that.

The current leadership led by Prime Minister Meles Zenawi has a mission to join the country in to the middle income countries category over the coming two decades.

(ST)

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Kind regards,

The Sudan Tribune editorial team.
  • 1 December 2009 03:26, by Samson

    Good work Government of Ethiopia. So make a change !!!!!!! and Rest of Africans countries will follow.

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  • 1 December 2009 03:34, by The Sudanese Soldier/Builder

    That is a good lesson to all of us in Sudan, as we should not only rely on our minerals resources..!!. The Sudanese people are the real asset and power to drive our economy and thus any economic or social planning MUST keep that in Mind. We already seen South Korea and Japan, No Resouces but a number not to miss in World Economy and now in Ethiopia. Well Done Ethiopia.

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  • 1 December 2009 04:00, by Jamjamez

    It will still colapse becuase you cant build economy on one part while killing the rest, Meles is still lagging behing in forgiving and forgetting revenge. Do not kill citizen please! stop killing Oromos and Amhara plus the rest who are not Tigre. let the people of Axum live a good life.

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    • 1 December 2009 15:23, by Mohammad100

      For all types of development the last centuries are a period of regression and stagnation. The rulers were no better than the masses they lead as far as education was concerned. The church which had the monopoly of literacy keeps any new idea at bay as sacrilegious or adopts a distorted good for nothing portion of it. That was partly why there was no improvement on the means of production. The working people had always been forced to share their produce with those unproductive segments of society without compensation. Therefore there had been no incentive for innovation. Farmers still use the most backward method of production, for some that is a unique situation that makes Ethiopia what she is. It is a heritage they tell us, of which every body must be proud of!!!!!!!!!!!

      Oromo society is majority peasant whose labor is exploited mercilessly. It has to work hard so that at least there will be stubble to glean for its own survival. Under the circumstance there is no time for improvement on any means of life. Its night and days are equal. There is no power to provide it with light so that it can steal part of the night for thinking. From dusk to dawn every day of the week the farmer is in the field cultivating or guarding his plantation from predators. He has no time for other things. That by itself could put him in prison of the occupying force. If his crop fails he has nothing to pay for fertilizer lent out by government usurers, tax and different contribution not mentioned in proclamations. But he is expected to attain rallies of pro-government parties. Otherwise he will be branded as supporter or member of OLF and dehumanized and humiliated to make him lose balance and the will to resist.

      Over and above the undue exploitation, the Oromo are suffering in the hands of aliens who are now evicting them from their ancestral lands in the name of investment and new settlement for the occupiers. It is true that the new owners cannot role the land and deposit it in foreign banks. It may take generations if not years but the people will certainly get them back with due compensation. A day will come when greedy land grabbers are going to regret, be them Oromo or aliens. No one can erase the Oromo nation from the surface of the earth. It will always be there with its land and on its land. We hope the present suffering shall not be remembered then. For now it will keep on resisting all forms of oppression. No group or individual can compromise Oromo independence without the expressed free will of the people. The present suffering and treachery will only harden it, in its struggle for freedom and independence.

      Oromia continues celebrating not development, but many disappearances, imprisonment, tortures and genocides. No Oromo home is unaffected by atrocities perpetrated by the empire state. Under such painful circumstance the Oromo are being asked to join in celebration of their own debacle, under the name "development", that rings in their minds only sufferings. It is also saddening to see many from all over the glob saying hurray to Wayyaanee’s claimed developmental celebration! They all know the crimes being committed under Wayyaanee’s watch. All the streets of Finfine/Addis Ababa, Somalia, Ogadenia, Sidamaa, Oromiyaa etc. are witness for all the inhuman activities of TPLF. Lawyers say crime is not by commission alone but also by omission as well. The court of history is free to pass judgment on who ever the worlds’ court is fearful to do so at present.

      In short, the current so-called "fastest growing economy" cannot be the concern of the Oromo under any circumstance. For the Habashaas it is a prediction that their forefathers have inherited them. They have honored it even though they know that it is an illegal system of governing compared to the rest of the world. According to Abyssinian tradition people have the right to celebrate any holiday or societal progress. But those for whom it is not a heritage and it brought nothing but havoc and destruction must be left alone. This celebration of the claimed development will also also not be used to cover up the abuse to Oromo birth rights and national interest. Under normal situation all will join in chorus congratulating the rightful owners of the Country/land of Ethiopia.

      Wayyaanee’s friends claims is a political tactic to divert world and domestic attention from the human right abuses being carried out at this very time. Underneath places of celebration, in banquet halls, in rally grounds and halls etc. there will be Oromo victims suffering underground away from the celebrants’ eyes but under their very feet. The fanfare and Wayyaanee propaganda cannot divert human rights activists from bringing to world attention the suffering of this great people. Any applaud, from any quarter for the claimed development could be justified only if it comes with peace and freedom for the thousands who are suffering for being Oromo and their love of freedom. At least they should be asked to justify why beggar spend so much when millions are suffering from hunger, decease, and man made calamities. It is during the coming to power of Wayyaanees that brought untold misery and great suffering to the Oromo and many others Ethiopian citizens. Misery and suffering are not celebrated but mourned. Courage and determination is needed to refuse to incriminate oneself. The courageous had already started to say no, to an occasion that came to cover up the enslavement of the oppressed peoples since 1991 particularly.

      Peace and freedom to all,

      Mohammad.

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      • 9 December 2009 12:49, by Andualem Sisay

        Why on earth would someone, who seems ethiopian national, gets so mad because his/her country is growing fast?

        Is that because you do not have any role in this growth?
        Then, come home and join those who are changing the nation for good!

        HEY WAKE UP!...Things are changing so fast around here.

        repondre message

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