Economic growth tops the agenda
Article Abstract:
The Ethiopian government is making economic development its main objective as democracy begins to become firmly established. It believes that the private sector has a very significant role to play in economic development. It is also aware of the importance of providing a favourable economic environment for the small-scale farmers who account for around 85% of the country's population. Considerable efforts are being made to implement a market economy, as reflected in the government's privatization programme.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Upturn as state cuts budget deficit
Article Abstract:
Georgia has successfully fulfilled the 1997 goals drawn up by the International Monetary Fund, and is set to see gross domestic product (GDP) rise by between 11% and 13% and industrial output rise by between 14% and 23% in 1998. Inflation in 1997 was 7.3%, with GDP growing by 11.3%. However, the country still faces a very large trade deficit, and it is recognized that core industrial sectors must expand. It also has foreign debt of $1.5 billion.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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