World Bank Forecasts Robust GDP Surge for Somalia and Ethiopia This Year
Ethiopia's growth rate clocked in at 7.0%, a slight dip of 0.2 points from last year's data.
In comparison to January's review, the forecast has lifted by 0.2 and 0.6 percent, signaling brighter economic skies for the first and second quarters of this year.
Somalia's growth is pegged to firm up at 3.9 percent next year, while Ethiopia's rate is expected to stay at 7.0.
Broadly speaking, economic expansion in low-income countries (LICs) hit the brakes last year, slowing to about 3.8 percent. However, the lender predicts a…