Major financial institutions, and leading providers of economic analysis have forecasted that Ethiopia's economy will be the most expansive on the continent for the year 2017. And growth will remain brisk going forward despite some challenges it faced/s.
Some years after Ethiopia was mentioned as one of the 16 countries that stand to emerge in place of China, and lead the next wave of low-cost global manufacturing growth by George Friedman, Head of Geopolitical Think Tank 'Stratfor', Ethiopia's year of economic outlook through the prism of foreign entities have been mostly positive. Just to recap, according to Friedman, China is at the limits of its 30-year low-wage, high growth phase and its dominance of low-value manufacturing will give way to countries from Ethiopia to Indonesia to Peru to take its place. Those countries, which Friedman collectively calls the "Post China 16," have even lower wage advantages than China.
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