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Ethiopia - 5th Fastest Growing Economy in the World in 2010 - Economist

11/22/09

Permalink 11:46:14 pm, by nazret.com, 409 words, 16047 views   English (US)
Categories: Business, Ethiopia

Ethiopia - 5th Fastest Growing Economy in the World in 2010 - Economist

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Ethiopia - 5th Fastest Growing Economy in the World in 2010 - Economist

nazret.com - The Economist magazine predicts Ethiopia's economy to grow by 7% in 2010 and predicts the country to be the 5th fastest growing economy in 2010. Last year the magazine predicted Ethiopia as the 4th fastest growing economy for 2009.
The magazine predicts Qatar to top the fastest growing economies in the world with a GDP growth of 24.5% followed by China, Congo (Brazzaville), Turkmenistan and Ethiopia.

In the political sphere, Economist says it predicts political tensions will rise around May election. But, (surprise, surprise) the Ethiopian People's Revolutionary Democratic Front will stay in power. The magazine went on to say, the IMF has rewarded the government's economic management with financial support, and a strong performance in agriculture, the mainstay of the country, will make Ethiopia as one of the fastest-growing economies.

Ethiopia's GDP is expected to reach $35 Billion in 2010 and inflation is estimated at 12%. Kenya which is the biggest economy in East Africa is predicted to have a GDP of $38 Billion in 2010. If Ethiopia's GDP growth forecast is accurate, Ethiopia could soon surpass Kenya, to become East Africa's biggest economy, although the country's GDP per head still lags far behind of Kenya.

Source: Economist: The World in 2010 also available at a newsstand near you.

December 6th-7th 2009, The Economist will launch a first-ever summit, timed with the publication of The World in 2010. If interested to attend the summit in Washington DC, register here

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msg Comment from: Lalibela [Visitor]

Be vigilant my country men Legese is bribing the Economist.
:no::no:
PermalinkPermalink 11/23/09 @ 00:21

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msg Comment from: Ato [Visitor]
From 4th drop to 5th.....:no:

Bad Zenawi.... Bad Zenawi....:D

"...Ethiopia could soon surpass Kenya, to become East Africa's biggest economy...."

Bad Zenawi.... Bad Zenawi....We need to remove this leader ASAP! We are not ready to go up yet - he is leading us somewhere which we don't know.

Long live Debebe Eshetu & Abebe Belew too!

--------

PermalinkPermalink 11/23/09 @ 00:26

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msg Comment from: Halafi Mengedi [Visitor]
The economist admiration is simply to encourage the Ethiopian Government to continue their insane selling out Ethiopian lands to feed foreigners while our people are begging from the same people who leased our lands for 100 years for pennies. The fast growing 7% to show up and the birth rate is three times the economic growth and the net effect is starvation and begging around the world. BTW, Ethiopia is breeding kids like mushroom over night and where will be those people to farm and live???

IMF worked hard to push Ethiopian Government to build road infrustractor in order to ship their crops from Ethiopia efficiently to feed their people
PermalinkPermalink 11/23/09 @ 00:28

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msg Comment from: des_pes [Visitor]
ኢትዮጵያ የህዝብ ብዛት ቁጥጥር መሠረት መጣል አለባት። ይህ ደግሞ ካሁኑ መጀመር አለበት። ምክንያቱም የህዝብ ብዛት ቁጥጥር በይበልጥ የማሳወቅና አማራጭ የማስገኘት ጥረት ነው። አሁኑኑ ችግሩ ሳይባባስ አንድ አይነት እርምጃ መውሰድ መጀመር ያስፈልጋል።
PermalinkPermalink 11/23/09 @ 00:34

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msg Comment from: Deme [Visitor]
I hope this is a true report. If the economy grow 7%, why do we have more 9 millions starved people.

If the economy grow 7% here, we would have a shortage of working people. May be 7% in Ethiopia and here is not the same thing.

Dicator melese may have also paid the Economist to write some good news about Ethiopia.
PermalinkPermalink 11/23/09 @ 00:36

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msg Comment from: Selam [Visitor]
The Ethiopian government and its people have to be congratulated for this. Good step and looking forward for the near future. Selam
PermalinkPermalink 11/23/09 @ 01:03

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msg Comment from: the Felasha [Visitor]
That's good News, I hope more of us would return and help Ethiopia reach its potential. Most in Diaspora have the burning desire to do just that, but get tangled up in politics - looking for some resolution in that arena. Democracy might come to Ethiopia sooner or later but how long should we be on the sideline waiting for it? In Africa most countries are under dictatorship but that didn't stop other Africans from going back and helping their country. Isn't our responsibility to do what we can to help our fellow Ethiopians? Try a humanitarian approach - there is so much needed in Ethiopia any help is appreciame ted. Stop whining and HELP! trust you will sleep better!
PermalinkPermalink 11/23/09 @ 01:16

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msg Comment from: Lalibela [Visitor]
selam getting some share form GUNA
ther will be no circumstances to hit a 7% growth IMF working closely with the junta to deceit the public. This a tablet for the junta/eprdf "edime marazemia".

FREE ETHIOPIA
PermalinkPermalink 11/23/09 @ 01:19

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msg Comment from: Next call [Visitor]
I have no doubt with the statistic of the Economist. As one of the most formidable publications in the World, which does thorough and accurate as well as conservative assessment of economies in the World, no way can we refute its numbers. It is admirable and commendable that the Ethiopian govt is doing somethings right, at the least, to maintain the growth momentum while most of the World is in doldrums. My problem with the govt is that it could have done more. The liberalization should reach the farmlands.It should allow not only massive foreign investors but also farmers property (transferable lease right)so as to unleash their true potential. I was watching a documentary about drought in Wolaita where a farmer who has a farming right to little more than an acre of land with 8 siblings showing his scorched maize to a foreign reporter. I have no doubt that as soon as his 8 children reach adulthood, they will get an eighth of an acre based on the current formula and take a dive in ever more misery. If this guy had a choice he could have gotten rid of his land and join his fellow " Dorze" craftsmen in Ketchene, Addis and do ten times better. For God's sake, EPRDF, give the farmer the property right you are trying to allow foreigners to have and let him decide whether to keep on tilling the land or partially mortgage it to undertake gainful entrepreneurship in the towns and cities. After all, you were country folks who came to town in ' berebaso' and now are indulging " kurt siga' and kitfo a la Gurage. This is my main reservation about this govt. It came from the deep poverty stricken regions of Ethiopia and succeeded somehow. But hell no, the poor farmer, perhaps one of the cousins of powers to be, is not allowed to do what he wants with the land. He cannt mortgage it and get a tractor, neither can he take a loan against it to get a viable concern or buisness in the cities etc etc

So long as this flaud policy of the Eprdf, the farmer will keep on having 8, 12 and even 72 children while city folks have at the most 4 kids. in other words, those in the country side without the light of civilization keep on breeding while boredom breeds more children. There lies the problem in Ethiopia. So long as the regime keeps the farmers in the dark they will keep on breeding from boredom and alike. the regime has tied them in a fraudulent land tenure system where they don't have the right to anything but the plow, for the cow might die of thirst. Shame on this govt for not allowing hard working farmers possess the land they work day and night for keeping them in abject poverty. At the same time, i applaud the regime for tapping into the massive hydroelectric potential. Hooray to Gil gel Gibe I,II.III and IV and now Tana Beles.

We will keep on having this problem so long as we rely on small farmers and not on Kulaks deliver. I guarantee you that there will be 20 million folks needing foreign aid in 5 yrs so long as the fundamental right of the farmer to do whatever his heart desires: mortgage it to buy advanced farm equipment, take a loan against it to open a small buisness, send his kids to school, or sell it outright to move to Cape town, get low cost irrigation schemes etc etc

There is drought everywhere in the World, but the word ' famine' has become synonymous with Ethiopia to our dismay. It Inst that our farmers are lazier than those in Kenya or elsewhere, it is the fact the govt who speaks so much about their God given right to their way of life is depriving them of their God given right to own the land they sweat to tame.

PermalinkPermalink 11/23/09 @ 01:20

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msg Comment from: Tolla [Visitor]
Don't believe what the bankrupt news media tells us for the money they got from the looted Ethiopian money. They are just getting their share for the propaganda and never care for the POOR AND BLACK AFRICANS.
PermalinkPermalink 11/23/09 @ 01:21

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msg Comment from: Ashenafi [Visitor]
P.M. Meles did say, "...Let them all talk, we'll keep doing the work."

May all good news from ethiopia continue to make you Eritreans, and Ethiopian traitors, burn inside out!
PermalinkPermalink 11/23/09 @ 01:41

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msg Comment from: Boldnugly [Visitor]
Congratulations tgrians more prosperity on your way! Yayyyy while the rest of us going hungry year after year.
PermalinkPermalink 11/23/09 @ 01:49

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msg Comment from: mershiti [Visitor]
CAN ANY ONE TELL ME HOW GENINUE THIS REPORT IS SERIOUSLY I DON'T GET IT HOW IS A COUNTRY SUPPOSED TO BE THE FIFTH ECONOMICALLY GROING NATION WHILE PEOPLE ARE EVEN STRUGGLING TO EAT ONCE PER DAY......
SOMETHING SHOULD BE WRONG!!!!!!!!!!!!
PermalinkPermalink 11/23/09 @ 01:50

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msg Comment from: Dave [Visitor]
Nazrethoch, do you ever wonder what kind of Ethiopian, be it pro gov or not, would complain about every good news about his or her country.with all due respect to you, In the name of freedom of expression,I think you are giving Ethiopia's enemies such us the Eritrean rats a free ride to insult ethiopia. true or not this is good news, but in my opinion, I see Ethiopia is on the right direction, perhaps which is why some are scared to death. sorry we can't help it.
PermalinkPermalink 11/23/09 @ 02:16

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msg Comment from: Habtamu [Visitor]
As a citizen of Ethiopia, we all should be happy to hear such a good news from western's magazine. Our government has done a great job to attain this success. If all of us do our part, our country can a better place where we no more listen to drought and hunger. U guys living abroad, please bring your skill, money and experience and contribute to the national growth. Ethiopia is also your country. U have to feel and develop a sense of belongingness and play your own role. I am sure there are lots of things U can do for your mother land. We Ethiopians are nationalist and patriotic. Please come and do all your best to Ethiopia.
PermalinkPermalink 11/23/09 @ 02:24

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msg Comment from: YD [Visitor]
Is the subject economics as such lame science? I thought economics is a science which does not rely on 'yes/true' or 'no/false' observations. How a country which has no basic human needs (food, clothes, electricity, roads, telecommunications, etc) and where these basic needs are declining years after a year could be the fastest growing? What are the yard-sticks to measure economic growth? If the IMF manuplation, and World bank and others debt accuring for next generation is something related to growth, that is ok and we will see who is gonna pay them. I badily need econimist explanation, if growth is something accepting manuplated data without further proof. I am doubting the value of cracking all those calculus and differential equations if what the so called 'economist' is reporting is factual B)
PermalinkPermalink 11/23/09 @ 02:25

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msg Comment from: leehawma [Visitor]
long live ethiopia
long live EPRDF
death to poverty
death to anti-ethiopian forces

WE will win
PermalinkPermalink 11/23/09 @ 02:33

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msg Comment from: ery bekentu [Visitor]
ye TPLF =EFFORT economy maletachew endayehon


MOT LE TPLF ZEREGNOCH:>


PermalinkPermalink 11/23/09 @ 03:35

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msg Comment from: tariku [Visitor]
Long life to EPRDF
PermalinkPermalink 11/23/09 @ 03:38

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msg Comment from: Kun cho- boy [Visitor]
Congratulation - -----> To the hard working Ethiopians , the brilliant Leadership and Ethiopian Policy makeres and to those who work hard to make this possible. Let us all work hard to put Our great nation where it belong, among the Leaderes of the World.
God bless Ethiopia
PermalinkPermalink 11/23/09 @ 03:45

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msg Comment from: Dr. KM [Visitor]
My country men and women,

I don't understand why EPRDF is blamed by some individuals! Ethiopia is to become the 5th fastest growing economies which we have never had in our history chracterized by war and conflict!! Rather, this has to be praised!
PermalinkPermalink 11/23/09 @ 04:10

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msg Comment from: Solomon [Visitor]
It has been a long time since I stopped relying on the information from such media outlets as economist, bbc, many more - the know it all for you groups, as they sing the same song, because they are tuned to speak and write the interests of few powerfull countries/individauls. They are not for the wellbeing of Ethiopians or any government in power, they are working day and night to fullfill their blood thirsty greed.

I only read/listen them only to understand what their masters are up to to be forearmed. Sorry for being purposfully stupid!!!


PermalinkPermalink 11/23/09 @ 04:36

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msg Comment from: afarman [Visitor]
wow wow, what a great achievement for EPRDF and its leadership. I always have confidence in the pro=poor policies of the Ethiopian government. Some toxic diasporas who are siding with the Eritrean regime to distabilise Ethiopia will keep on talking the talk. The EPRDF doeesnt waste its precious time on the talk, rather its walking the walk. The vast majority of Ethiopians are now enjoying the fruits of the economic growth in Ethiopia. The development Ethiopia is witnessing is right there on the ground to be seen, this is not a data on paper. One can simply move around Ethiopia and see the development. The development in housing and construction work, the expansion of road infrastructure, the building of billion dollars woth of hydroelectric plants are few examples. If one visits the service sector similar developments are visible. There are many privately owned banks, colleges and universities, 5 star hotels, schools, hospitals etc. Ethiopia as we speak now is home to more than 23 Universities, lets remember we just had two universities a decade ago.

Ethiopia's government mission in the coming two decades isnt just to be an economic power of eastern Africa, Ethiopia is working hard to move one ladder to join the second world countries. To achieve that we are working hard to be a middle income country. The war against poverty is governments main challenge, and slowly but surely we will triumph against poverty. Ethiopia will continue to grow fast, those countries who see a developed Ethiopia as a threat to their survival can watch us from a distance and cry. Ethiopia has untapped huge water and mineral resources coupled with massive fertile lands. Big commerciall farms are now on the way to start mechanised agriculture with a potentiall to produce surplus products to satisfy local and foreign markets.

I will continue to cast my vote to the EPRDF, go go EPRDF, we will rally behind our developmental government...

Congratulation to all Ethiopians and our leadership.

The economist has been posting posetive data's about Ethiopia for years...well done EPRDF
PermalinkPermalink 11/23/09 @ 04:51

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msg Comment from: Zenda [Visitor]
Thank you EPRDF. This is the result of hard work under very difficult circumstances. I am flabergasted by the response of some of the blogeres here. Is good news bad news for you? Do you love political power more than the well being of your land?

Opposition parties we are dying to know your economic, political and social programmes. Or is it only bashing Meles and arguments on electoral procedures or accusing the government on foreign medias your only programmes?

I thank the Lord on what we have and for a bright future tomorrow and will VOTE for the cxontinuance of the EPRDF. These dudes are realy great. The economist is right, bright days are coming to Ethiopia.
PermalinkPermalink 11/23/09 @ 04:57

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msg Comment from: M.T. [Visitor]
I second Next Call. The Economist's forecast is/can be real, but it could have been better! Go Ethiopians !!
PermalinkPermalink 11/23/09 @ 05:18

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msg Comment from: Uzawa [Visitor]
But where is the beef? Growing, growing bla bla, but where is the change in the life of the people of ethiopia? nothing except for the companies of EFFORT and their board of directors, the woyanes and their kids, the oligarchs, and the trifrafi sebsabi shumaments of the teletafi DOs.

Also, remember not only is the Economist the bought out of the TPLF, but also most institutions in the UK favor TPLF. TPLF has strong base in the UK, and some body who lives there can tell you that they have lots of companies here operating in the name of some Wolde someboday but actually laundering the money that world tax payers are giving in the name of helping Ethiopian people.

Uzawa
PermalinkPermalink 11/23/09 @ 05:38

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msg Comment from: Extraterrestrial [Visitor]
mershiti [Visitor]

"CAN ANY ONE TELL ME HOW GENINUE THIS REPORT IS"

The Economist is the world's most prestigious and respected magazine. You can still keep your doubt as there is no perfection under the sky but many leaders/politicians/econmists and most important of all inversters relay on the economic and policital report of this Megazine. I have read many comments from big people like Henery Kissenger on the megazine.

"HOW IS A COUNTRY SUPPOSED TO BE THE FIFTH ECONOMICALLY GROING NATION WHILE PEOPLE ARE EVEN STRUGGLING TO EAT ONCE PER DAY......"

I think this is a good question and my understanding is a percentage growth is a growth measured from what the economy had in the past year. Ethiopias 7% growth means Ethiopia will retain her GDP of 2009 and will add 7% more in 2010. (for me i think Ethiopias economy is growing faster than 7% because often this assessements don't include new developments like Tekeze dam and any other new projects entering in to the economy and their impact on economic growth.)

For example if a country have 1000 Dollar GDP and if that economy grow by 10% it means that country GDP reached 1100 Dollar but a 100 growth to another country for example a GDP of 10,000 Dollar will be a 1% growth.

I think you should see now that Ethiopias economy is very very small even if it grow 10% every year it means it is that small economy increasing 10%.

This should tell you how Ethiopia was a very poor economy before this government arrives, still Ethiopian economy is very small but no matter it is growing as fast as it can.

Thanks to his Excellency Prime Minister Meles Zenwie.

PermalinkPermalink 11/23/09 @ 05:41

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msg Comment from: jigsa [Visitor]
here i am living in Ethiopia, not in Chicago or Las Vegas or Washington,and also it is me and also my country men and women sertainly can say what is going on in Ethiopia, we never said that we already are topped up with those who are on the top, but it really asks only our effort and only our resource and time that needs to achieve what we want and where to go,the experience ether from west or east only tell us this, now we have already start that walk not talk, b leave me one day US or whoever kind of countries will give up about our progress, we are not going to talk day and night about EPRDF, even if we know that we have to give the respect in due to the relevancy that makes as to achieve our goal, but bleave me we will work(not talk) day and night,ther is only two choice those who want to ride on the train of progress, this is the time, other wise panting or shouting like the dogs or the enemies of our country, be ther it is up to you
PermalinkPermalink 11/23/09 @ 06:14

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msg Comment from: ery bekentu [Visitor]
jigsa


lemen yewashal ethiopia west nazret.com yemetewedew TPLF agedotal
PermalinkPermalink 11/23/09 @ 06:33

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msg Comment from: chala [Visitor]
Give credit to the government,forign investors and some True Ethiopian Investors unlike the Dedeb Desporas out there who allways think backward...there is a different between not supporting a particular government and not supporting your country...regardless of who the leader is you should allway i mean allways help out in your country and try your best to make the lives of the ppl in your country and that only happens if you are a true Ethiopian
PermalinkPermalink 11/23/09 @ 07:05

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msg Comment from: my commentttttttttttttttttttttttttt..... [Visitor]
The 'ECONOSHIT',you got it right!.
PermalinkPermalink 11/23/09 @ 07:33

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msg Comment from: Tedyy [Visitor]
Thanks Nazret,Com

economic growth and wealth distribution are quite different things.Initially when the economy is in the take off stage there will be high economic growth but the wealth distribution is not fair. This implies that there may be starvation in the country even if the country economy is growing is growing. So some group of people are impoverished doesnot mean that the country is declining.

Any ways for all Ethiopians it is a good news
PermalinkPermalink 11/23/09 @ 07:36

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msg Comment from: debebe [Visitor]
The Economist is the world's most respected magazine.So I consider as true what the magazine printed.
PermalinkPermalink 11/23/09 @ 08:12

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msg Comment from: Ashiwa Abeba [Visitor]
The Economist, where is the beef for millions of starved Ethiopians? You mean it will grow by 7% in 2010 for TPLF? I agree!
PermalinkPermalink 11/23/09 @ 08:23

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msg Comment from: bex [Visitor]
If Erteria is coming back to his mother land and all port is open to all Ethiopians i could say Ethiopia Economy is growing double, no just only 7% its 14p% . But if Wayane only stop racist act to others and make Ethiopian united bring back Asabport to nation cheers.
PermalinkPermalink 11/23/09 @ 08:43

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msg Comment from: Natural [Visitor]
Bravoooooooo Meles and other outstanding leaders there in Ethiopia!!!!!

I am very much proud of you and I have no doubt that so long as EPRDF is there leading the country ....Ethiopia will soon surpass not just kenya a tiny east african country but those of the Oil rich middle east countries. but what I would love is Meles to stay leading the country!! He really knows what to do when it comes to the vast issues of the country. He very well understood how to best perferom and so I would like to thank him and all other leaders for this great success!! Meles you are really a great leader I will always be proud of!!!!! VIVA Meles!!

God bless Ethiopia!
PermalinkPermalink 11/23/09 @ 09:01

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msg Comment from: peace for ethiopia [Visitor]
des_pes

you are 100% correct....it seems nobody is giving it that much attention including the government and NGO's.
PermalinkPermalink 11/23/09 @ 09:24

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msg Comment from: sami1 [Visitor]
Great news, and it will be greater news if we have elected members in the office since it will unit and revamp all Ethiopians to do it for thier country.
We could double up and it will be lasting prosperity and economic growth.

If we let things stay the same with no accountability, no unity, no freedom, and equality then all this growth will go down the drain!

And in few weeks we could see disaster and instability and teh economy will tank!

Some may use it, as wepon to let Meles stay for ever and ever just there is growth.
It is easy to show growth in a country which is at lowest of the world. Let us not use this to say it is Meles! People abroad went back and invested one of them is my own family member who walk in with half a million USA investment which "6M" Ethiopian birr.

When many are spending of course it the growth will be thier.

Should we say then Meles is GOD?

No one should take his job?

PermalinkPermalink 11/23/09 @ 09:26

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msg Comment from: Boxoo [Visitor]
The same Megazine few months ago called Ethiopia a country governed by EConomically ignorant leaders. Which article should I believe? Make sense to have 12 million starving when the economy is growing at such a fast pace.

Boxoo
PermalinkPermalink 11/23/09 @ 10:00

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msg Comment from: TEDDY [Visitor]
:crazy::crazy:What a jock ,if there 's the fatest economy growing why the hell the peoples are starving ,the young generation leaving the country ,why there's still lacks of health and social care ,worst of all why so many children are dying of MAMNUTRITION . What a shame ,for the sake of the Leba Zenawi and TPLF thugs ,the Economist Magazine is laughing on the poor Ethiopian peoples .Instead of wasting the national income for futile and baseless propagnadas ,the crime minister and his thuggy supporters ,if they really care for the poor peoples ,specially the children ,should use the money on more social and health services .
PermalinkPermalink 11/23/09 @ 10:02

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msg Comment from: sara [Visitor]
EPRDF FOREVER!
PermalinkPermalink 11/23/09 @ 10:06

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msg Comment from: Etopis [Visitor]
What a great news! Soon we will be the fastest growing nation in Africa, soon famine will be history, left only to those pessimists who have nostalgia for it. Soon, we will see democracy and equality. And then there is my dream country of ETHIOPIA!
PermalinkPermalink 11/23/09 @ 10:07

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msg Comment from: sara [Visitor]
just another bad news for the haters of our country and leaders, well THIS IS IT what u gone do cry asusall. shame on you. he he
PermalinkPermalink 11/23/09 @ 10:14

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msg Comment from: TEDDY [Visitor]
TPLF thugs and fool diaspora peoples keep on dreaming for "NOTHING" ,the Economist Magazine is just publishing a previsional statistic publication .Certainly furnished by TPLF lobbyist groups paid by the leba Zenawi and the Tigrai mafiosos . A rich oil exploiting country like Qatar can have the fatest economic growing ,but a civil war affected country like Congo and one of the poorest country ,unfortunatly our Ethiopia ,where peoples are starving ,becoming a world economy leading country .Worst of all where a corrupted and tribal clientelism systems reign .You evil Bandas are simply laughing on the poor Ethiopian Peoples .
PermalinkPermalink 11/23/09 @ 10:18

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msg Comment from: Wane Wane [Visitor]

challa (Hagos or low life paid cadre)

To be called dedeb desporas by a chimp who has not yet cmpleted his evolution like yourself shows it is time to ask forgiveness cos you dont know what you are doing or saying
PermalinkPermalink 11/23/09 @ 10:23

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msg Comment from: yoni [Visitor]


I SENSE SOME DISCOMFORT IN THE HATEFFUL DIASPORA CAMP...

IT IS GONNA BE A LONG WEEK WITHOUT SLEEP FOR THESE IDIOTS...
PermalinkPermalink 11/23/09 @ 10:30

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msg Comment from: omo [Visitor]
Our tourism industry is rudimentary compared to that of Kenya. Kenya’s tourism industry is organized and controlled by foreigners and from what I understand it has decades of experience, which is absent in Ethiopia.
Ethiopia can be an emerging tourist destination, much more than Kenya, because she has diverse natural beauty, a better climate, wild animals, a lot of history and our EAL which connects Ethiopia to the world.
Ethiopia could be the Mecca of tourism of the horn of Africa and she can easily overtake Kenya within a short period of time, provided that we have the right infrastructures, the right training and of course if we make their stay in Ethiopia enjoyable, avoiding the wrong impression that tourists are their to be exploited one way or the other, by begging, cheating etc.
In addition to everything, the government should learn to be democratic and every corner of Ethiopia should be open not only to foreigners but to every Ethiopian as well irrespective of ethnicity. Ethnic Federal states are not foreign countries, which require visas from other ethnic groups. Some have mistaken the essence of ethnic states in Ethiopia, by avoiding speaking the languages of the other ethnic groups. Everybody is building a wall around itself, which of course will not help in internal tourism.
Tourism is a very big industry. To some countries, the income is equivalent to that of oil. Ethiopia should have tourism as a priority and it should therefore invest to attract more foreign tourists.
PermalinkPermalink 11/23/09 @ 11:02

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msg Comment from: Tefera [Visitor]
I am sorry to say this but one has to be illiterate not to understand or misunderstand this simple numericals. first of all even ethiopia economy grows 100% let alone 7% ethiopia will still be one of the poorest nation in the world because of the low per capita and the countries current and past very low GDP, which means ethiopia is still vulrenable for food shortage and even famine.the statistics is a simple revision of ethiopia GDP growth in a different form. the only news here is the world renowned Economist is buying ethiopias reported GDP growth. of course with a 7% growth one has to be at least 5th.:roll:
...
next call that was very good.
PermalinkPermalink 11/23/09 @ 11:04

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msg Comment from: des [Visitor]
I don't understaned why any one with his/her wright mind hate to hear any good news about his countery? Shame on you!
PermalinkPermalink 11/23/09 @ 11:20

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msg Comment from: Tamrat Tamrat [Visitor]
"Ethiopia's GDP is expected to reach $35 Billion in 2010" the Economist

"Ethiopia's GDP is $64.73 billion (2005[update])" Wikipedia

"Ethiopia's GDP is $70.23 billion (2008 est.)" CIA world fact book.

These numbers are confusing or what.

PermalinkPermalink 11/23/09 @ 11:44

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msg Comment from: lij [Visitor]
More and more people are deprived of a simple dignified life. How do you have a lot of growth but a lot more deprivation?
PermalinkPermalink 11/23/09 @ 11:47

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msg Comment from: Kokeb [Visitor]
It is time to stop reading the bogus,msleading, worthless toilet paper the ECONOMIST, who is racing to catch-up with the NATIONAL-ENQUIRER.
PermalinkPermalink 11/23/09 @ 11:50

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msg Comment from: Tourism? [Visitor]
Omo,

I don't think Tourism is a good way to develop a country. It deprives the local communiteis, it imports all sorts of people, habits, it creates cheap service oriented business (hotel, restaurants) instead of technology and better education and most of all it is seasonal and it is no way to build a stable economy. I am not for it, I have seen what tourism was like in Kenya, it is a disaster. The local communities are not allowed in areas where tourists stay and visit. The coast line was reserved for Europeans alone for the most part. Africans put out much more than they really gain from tourism.
PermalinkPermalink 11/23/09 @ 11:55

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msg Comment from: a.t. [Visitor]
Eseyew!Yargew!
PermalinkPermalink 11/23/09 @ 12:26

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msg Comment from: Mesfin B [Visitor]
I just woke up from my dream. I was dreaming that Ethiopia is going to be the world fifth fastest growing economy in 2010. In my dream I read this from the Economist magazine.
However when I woke up and also read on Reuter news report the following.The global recession has slashed international demand for Ethiopia's agricultural exports and power cuts have ravaged business, fuelling a foreign currency shortage.
So people who are we going to believe?
The pie in the sky or the bare truth.

PermalinkPermalink 11/23/09 @ 12:34

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msg Comment from: ankober [Visitor]
thank you epdrf
thank you pm meles zenawi
thank you the heroic ethiopian people

as for extremists
keep crying.keep thinking every good news is a conspiracy
PermalinkPermalink 11/23/09 @ 12:48

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msg Comment from: Mesfin B [Visitor]
Look at this blogger, whose name is -Sara= shint bet sekemet, said
"just another bad news for the haters of our country and leaders, well THIS IS IT what u gone do cry asusall. shame on you. he he ".
Well the truth is it is not a realty in my Ethiopia.
peace!
PermalinkPermalink 11/23/09 @ 12:56

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msg Comment from: M.T. [Visitor]
Tourism,

OK, let's say your comment is positive, but what about Italy, France and Spain, in Europe and Egypt and Gambia in Africa which are great beneficiaries of tourism squeezing out a big coefficient of their national income from the global economy?

It seems to me untrue - guy your argument - when we see the reality on the ground. May be we have to follow the model of developed countries. As an Ethiopian although, with a limited experience of tourism, I feel like a tourist when I am dropped in the sea of tourists: visiting Barcelona, the Pizza tower, Seville, Istanbul, is a life experience. Travel for a few days, thanks to Ryonair and Eurobus and cheap youth hotels, actually every one can use them with meagre resources. Rome, Venice, Paris, Berlin or Amsterdam could make you optimal. I'm a kind of a tourist and believe tis humanity's right to be closer to every society and visit many locales.

Yes, we have to be a good host, yes we don't have to rob tourists, yes spoiled politicians and administrators could alienate the locales. But there must be made safe mechanism to guard the interests of the locales and not exploit and spoil them. Any how I appreciate your remark, Wondim, the locales should not be robbed off their lives. They must have access to work in the resort areas and exercise their right and obligations with dignity. That is how we can create in Africa buoyant cities like Rome and Venice and Sevilla and Barcelona.

Yes at the beginning there are negative sides, but i believe the positive side is bigger. Also don't forget the business that is run In Kenya is owned by the Brits and Asians and has a direct track record of colonial times. I think the business in Ethiopia, is another sort I have no statistics data at my hand, but I think it is owned mostly by Ethiopians or were they Americo-ethiopians or euro-ethiopians, dia-spo-ritas!!
PermalinkPermalink 11/23/09 @ 12:58

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msg Comment from: omo [Visitor]
Tourism? [visitor]

I can understand your reluctance in tourism. Indeed, there is the bad side of tourism as there is the good side. I see Ethiopia somewhat differently from Kenya. I want to believe that we Ethiopians are masters in our homes and I do not believe that there will be places where Ethiopians will not be allowed, simply because they are reserved for tourists.
We can work for the right type of tourists. The young and the irrational will not be travelling to Ethiopia, because Ethiopia does not have seashores, which attracts nudists and other perverts; and such people usually travel with limited amount of money in their pockets. I am somewhat worried about sex tourism, which is a possibility.
Finally, I think that we need tourism as other countries who gain a lot from it and we should not avoid tourism because there is a remote danger to our way of life. Also, service-oriented business is not a bad idea, because the economy of some countries like that of UK, depend to a large extent on services.
PermalinkPermalink 11/23/09 @ 12:59

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msg Comment from: Gragn Ahmed [Visitor]
How can a a country that is controlled by a fanatic church whose objective is to encourage farmers to be lazy by sanctioning almost 365 days of saint holidays is expected to grow that fast? Look at all orthodox church dominated countires in the world and see how bad their ecomomies are. Orthodox is a block to modernity. Until we find a goverment that trains the Muslim hard working citizens, we will never get to the level that we need to be.

We should ask all our Arab neighbors to help us with those "lemagn" Christians to convert to Islam before they die of hunger.
PermalinkPermalink 11/23/09 @ 13:20

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msg Comment from: nia [Visitor]
In the political sphere, Economist says it predicts political tensions will rise around May election.

Ofocource onlf and olf will be blowing ppl up then...i think..


But, (surprise, surprise) the Ethiopian People's Revolutionary Democratic Front will stay in power.

wow ecnomist is very bad when predicting the future.:>>:lalala: I PRETEND that i didnt see that

ROFL..COPPER
PermalinkPermalink 11/23/09 @ 13:25

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msg Comment from: nia [Visitor]
Gragn Ahmed [Visitor]

Then why is somalia outta control...LOL and poor???its a muslim country right?:crazy:
PermalinkPermalink 11/23/09 @ 13:27

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msg Comment from: NoStRaDaMuS [Visitor]
i am happy that i am contributing to that growth. OH, glad to be part of such a critical point in the history of my country. congratulation to those ordinary people who are leading an extra-ordinary battle againest poverty. we have long way to go but we are in the wright direction.
PermalinkPermalink 11/23/09 @ 13:59

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msg Comment from: abel [Visitor]
Good news,but, our population is sky rocketing. It would be hard to pass a legislation to maintain the population growth because of religious beliefs. I think the only method would be increasing job opportunities that way women will be independent.
Our biggest problem is lack of democracy and the growth of population.
PermalinkPermalink 11/23/09 @ 14:03

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msg Comment from: abel [Visitor]
make love not babies. especially if you don't have the capacity to raise children.
PermalinkPermalink 11/23/09 @ 14:03

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msg Comment from: abebe [Visitor]
surprise, surprise the election is over the economist and CIA already choose the prime minister of ethiopia. what a sad sad day for ethiopians!!!!!!!
PermalinkPermalink 11/23/09 @ 14:38

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msg Comment from: addis ababa [Visitor]
Bravoooooooo Meles and other outstanding leaders there in Ethiopia!!!!!

I am very much proud of you and I have no doubt that so long as EPRDF is there leading the country. Meles you are really a great leader I will always be proud of!!!!! VIVA Meles!!
PermalinkPermalink 11/23/09 @ 15:06

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msg Comment from: :Lekim Ye-Woyane Leba [Visitor]
Yoni;

I thought you were smarter than this? Do you really beleive that a nation that is begging for food can show a growth as such?????

I really thought , yatchi Shushe' Enatih bedenbe Yastemarecheh meselogn NEBER. Yekey mabrat lij.

PermalinkPermalink 11/23/09 @ 15:15

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msg Comment from: displaced [Visitor]
Fantastic!!!

This is how statistics works. If you have only one school, when you open another one, it is a 100% growth.

Enjoy the phony statistics as there is no other country which will take your last place!
PermalinkPermalink 11/23/09 @ 15:20

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msg Comment from: kaka [Visitor]
Mele!!!!!!!!!!!!!!!!!!!!;D
PermalinkPermalink 11/23/09 @ 15:28

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msg Comment from: ankober [Visitor]
tolla closet olf
are you talking about the bakruptcy of olf or the mighty economist.had the economist printed about the exploits of olf you would have commented otherwise.happy thanks giving any way
PermalinkPermalink 11/23/09 @ 15:42

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msg Comment from: Tenkir [Visitor]
The idea of imagining this kind of news about Ethiopia made me jump up and down however fake this news might be :) After all most of the things in life are psychological in nature. So who knows if this is not true by 2010, it might materialize in 2100 :)
PermalinkPermalink 11/23/09 @ 15:55

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msg Comment from: Mamo [Visitor]
Which section of the magazine does it have the ranking? I am a registered user of Economist and I have access to it but I could not locate the ranking or the article about Ethiopia.

Can anyone help? Thanks


[Mamo, yes I can. Go to the following link and click on TOP GROWERS right on the top of the world map, look in the right corner. Or you can download the complete PDF file and you can see it there too.]
PermalinkPermalink 11/23/09 @ 16:00

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msg Comment from: The Right Way [Visitor]
The fact on ground doesn’t support the report.

Simple arithmetic. If we have 6 million people are starved according to Meles own admission and 9million according to fact, how are we going to leap from devastated economy into this prophecy in less than one year?

Is it after letting those famine victims to die or is there a miracle to happen?

What a joke. It shows how these kinds of reporters are so immoral and liars.

No one knows the truth more that the Ethiopians themselves. We see it, we feel it, we smell it and we live it.

No wrong report or no lie will nullify or cancel the truth.
PermalinkPermalink 11/23/09 @ 16:20

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msg Comment from: kenyatta [Visitor]
i have been in ethiopia and surely ethiopia has a geat potential,but there is really no oil or diamonds n or plenty of gold and if there is the management of resources ar far behind and multiparty democracy ahs long way to go.Infrastructure is the engine of fasster growth and we see this as a good sign in ethiopia but ethiopia is huge country and this will require billions of dollars to improve network of super highways,high speed fibre optic cable, wide gauge high speed rail networks and accountable government with strong opposition prty to keep ruling party on check. Surely ethiopia is beautiful and has great wonderful history and tradition but the world has been moving faster than ethiopia to be sincere.I hope the opposition parties can quickly join hands shown meles goverment the door. Wheen a leader stay too lopng in power he become corrup, When moi in kenya staye for twenty years in power we kikuyus were bexploited and all hard work was reduced to nothing , we fought the white man (Mau Mau rebellion) the economy was growing faster than malasia but stupid moi was brough kenyan economy to minus, now we are growing we have smart president who even plan to build a highway to addis with highs pid and raillway line at a cost of 3.5 billion. He is uniting three countries together to form fderation by 2015 with one presiden like US states and other african states will surely Join. May God Help Afica.
PermalinkPermalink 11/23/09 @ 16:49

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msg Comment from: Rasdan [Visitor]
"If they are not with us, they are against us"

One love, one peace,
Jah Bless!
PermalinkPermalink 11/23/09 @ 17:07

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msg Comment from: Comment [Visitor]
If Ethiopia was lucky enough to get over bigotry (I am so so sorry bigotry might net be felt) and/or bigotism, the likes of Debebe Eshetu, Hailu Shawel, poor Lidatu are given wider than wide opportunity to campaign for their own "I will raise it to 10%", Zenda?! Min Yaregal...ena yederegal. Ethiopia never knew "or", I know. Ex- Tsidik ena Kunene, Tarikna Misale, Wegna Ma'areg. Ra'ys and????.

Meles Zenawi is not easy to survive unless fought in terms of economy.

Unfortunately 99.9% Ethiopians do not care about economy becayuse they wer not educated right about the principles of freedom and liberty. For me, all political groups shoud accuse yesterday's chaos if they want to survive us. The people..."The Chewa for fair paly" What if Meles Zenawi ban any activity??

AI Mederek???
PermalinkPermalink 11/23/09 @ 17:18

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msg Comment from: Islame is the only way [Visitor]
Where are those so call riche useless christian? most of investment have been done by brothers muslimes people take look for example Al-Amudin And Saide Abdurahman.
PermalinkPermalink 11/23/09 @ 17:43

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msg Comment from: Yohannes [Visitor]
I would like to congratulate PM.Melese and his govt for this and other achievements.With this pace of development i am sure our country will get rid of poverty for good.To those who are crying,you will cry more because Ethiopia is heading forward.
PermalinkPermalink 11/23/09 @ 17:48

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msg Comment from: ermi [Visitor]
This is a jock,there is no way our GDP to reach # 35 billion,it will take us at least 40 years to be equal to the GDP of Kenya if kenya grows 0% for the next 40 years.This is the fact.

DO NOT FORGET THAT OUR ANNUAL BUDGET IS AROUND 60 OR 70 BILLION BIRR
PermalinkPermalink 11/23/09 @ 18:05

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msg Comment from: Senay [Visitor]
Yargew!
Good job PMZ and co. Keep it up!
PermalinkPermalink 11/23/09 @ 18:09

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msg Comment from: Shegaw - Yayew Hulu Yidenekal [Visitor]
Gragn Ahmed [Visitor]

So explain to us why a great part of the afternoon the muslims population of Ethiopia, Somalia and Djibouti are in vegetable state - in other words not functioning at all. True the Christian celebrate to much church hollidays but the muslims are disfunctional because of the Khat you guys are consuming in the afternoon
PermalinkPermalink 11/23/09 @ 19:00

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msg Comment from: Tadele [Visitor]
Any body can comment on the economist like any publication, zenawi can also use it as an election campaign as long as he pay for it, but Ethiopia surviving in handouts gonna be the leading fastest economic growth is more than insult.
PermalinkPermalink 11/23/09 @ 19:10

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msg Comment from: 100% EHIOPIAN [Visitor]

WOW!!! What a great news about Great Ethiopia for proud ETHIOPIANS!!!

This is a great psychological relieve for all of us. Now, everyone will say I am from Ethiopia.

Be safe!!!

God Bless Ethiopia & her proud people!!!
PermalinkPermalink 11/23/09 @ 19:26

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msg Comment from: Hagos [Visitor]
This is simply a propoganda of the west. Ethiopia is being prepared to be plundered by the West and East (India and China are the hyenas who are trying to take ethiopian grains for free). Of course the West is eying gold and oil and grains.

Meles Zenawi is paying the Economist. By the way fastes growing Economy is relative to what Ethiopia's economy was. If Ethiopia had only 1000 km of asphalted road and has now 5000 km asphalted road, it has a growth in road construction of 500%. 7% GDP growth, if true is nothing. Ethiopia's GDP was low and the growth is due to some grants from foreign countries. Ethiopia;s budget is depedent on doner countries like Britain, a country which is paralyzing Ethiopia's growth systemically since 1930.

Why is the Economist silent about Nigeria or Zimbabwe? Are these economies not growing? How about South Africa and Egypt?

The Economist's report is a lie. There is some economic movement in Ethiopia, but it does not deserve the Economis's review. The Economist is being bribed the maffia group under Zenawi. I wish Ethiopia has a 7% growth, even mcu less growth say a 2% will a cause to celebrate.

We should not believe anything coming from Meles Zenawi and his henchmen. They are traitors and are ready to give trcts of fertile land to indian and chinese hyenas. Indians know no humanity. They are pagans and even would want to kill others to get their money. We have to stopped the colonization of Ethiopia by indian or anyother foreigners. They have to stay where the came from. We warn all foreigners to keep their hands off ethiopian fertile lands. These fertile tracts of land belong to the ethiopian people and no else will have any right whatsoever to any ethiopian farmland.

We can control the world market by keeping our fertile land in our hands. Zenawi and his henchmen should be brought to justice.
PermalinkPermalink 11/23/09 @ 19:37

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msg Comment from: woo [Visitor]
somebody say AMEN!!!
all credit for the leadership.yea!!
here comes..leadership atlast!!
PermalinkPermalink 11/23/09 @ 19:46

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msg Comment from: yeaddis [Visitor]
Ato - sew kuter bilut, tafia an'd a'le...Since went did these people(Abeba belew, etc.) become intelectuals? Which books have they read? This is the problem we have! I just want to mention to you there are a lot of capable people, well educated, who truly care and understand the issues than the one's you mentioned...betam yasafiral...yehabesha defarinet...mehaimu hulu awaki lemohon yimokiral...Being in America does not make you smart...I wish you and the Abebe Belew's of habeshas will just STOP! or read, learn and prove themselves before machberebering!!!!!
PermalinkPermalink 11/23/09 @ 19:49

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msg Comment from: 2 z red hering [Visitor]
Gragn Ahmed [Visitor!
Just give me a name of one developed country where Islam is a dominant religion?
I know why you raise this issue. Your purpose is to distract us from the main issue.I thought it won't be a big deal if I knock at your door on my way.
You can cheat others and even send your venom to their blood streams. But don't forget one thing_Your demise is in the corner.
PermalinkPermalink 11/23/09 @ 20:10

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msg Comment from: Jamaica [Visitor]
Way to go!
We are just behind Turkmenistan (is there such a country?) and Congo Brazaville .
What economy!
PermalinkPermalink 11/23/09 @ 20:51

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msg Comment from: James Kebede [Visitor]
The list of countries of the world sorted by their gross domestic product (real) growth rate shows the increase in value of all final goods and services produced within a nation in a given year -- not taking into account purchasing power parity and taking into account inflation... - Wikipedia

http://xrl.us/bgdk8u

http://xrl.us/bgdk7n

http://xrl.us/bgdk68
PermalinkPermalink 11/23/09 @ 21:20

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msg Comment from: Mesi [Visitor]
What’s wrong with the picture? Ethiopia is accepting food from the rest of the world to feed its starving people, and on the other hand the country is experiencing unprecedented economic growth. It seems to me the government has no control over what gets exported, if first priority is not to feed the people, the situation must reevaluated. It is imperative that Ethiopia become self-reliant before it starts to offer preferential treatment to foreigners. “New day Mental Colonization”
PermalinkPermalink 11/23/09 @ 21:40

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msg Comment from: lekim [Visitor]
With the exception of a couple of talking heads, most of the retards who can’t wait to trash EPRDF are silent on this topic. Under EPRDF Ethiopia will assume her rightful place, the top place in our region. You are looking at the African economic powerhouse on her way to economic and social emancipation, no longer the private property of the tribal hoodlums.
PermalinkPermalink 11/23/09 @ 21:50

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msg Comment from: Tolla [Visitor]
Ankober woyanew,

You don't worth of any counter-discussion!!! Fiyel wodih, kizimzim wodya neh.
PermalinkPermalink 11/23/09 @ 22:06

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msg Comment from: sancho [Visitor]
May be this would happen If Meles goes to his grave.
PermalinkPermalink 11/23/09 @ 23:31

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msg Comment from: ፊታውራሪ Free [Member]
The question is, did they get right in 2009? As far as Ethiopian are concerned, the county's economy has been growing at the rate of -10, in an other word Decaying! Therefore, there is no reason to believe their Ye'Tenquay like prediction from afar. Even if it is factual, for an economy that is dwelling at the bottom a 7% growth is nothing!

PermalinkPermalink 11/23/09 @ 23:37

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msg Comment from: workamaw [Visitor]
The simple fact in the arithmetic is that, when the number in the denominator is small, the ratio becomes big. Ethiopia's gross GDP did not even reach $35 billion. Who can tell me the GDP of California alone? Amazing could be the economic growth of Qatar and China?
PermalinkPermalink 11/24/09 @ 00:18

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msg Comment from: germognal [Visitor]
In Ethiopia, there is a saying which states that a group of mice danced saying, "Egnam Awkenal Gudguad Missenal." Meaning that we Ethiopians will not be duped by such stupid reports.

What the Economist is doing is spitting back at us unverified information received from the TPLF regime. This is simply a political posturing by the TPLF regime in preparation for the next election in 2010.

It is simply common sense. How can you reconcile the fact that Ethiopia as the 5th growing economy while it has approximately 6 to 8 million of its own people starving severly?

It is absolutely absurd!


God Bless Ethiopia and Her People!


PermalinkPermalink 11/24/09 @ 01:38

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msg Comment from: kibrom [Visitor]
here is the logic, if haile g.selasie run the marathon in 2 hours, and let say haile is america, and on the other hand there is melese zenawi who can run the marathon in 22 hour and let say melese is ethiopia, weyanne pupett who do you think break its own record by greater margin or percentage? haile or melese(america or ethiopia) obviously ethiopia
PermalinkPermalink 11/24/09 @ 01:45

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msg Comment from: Jegna Gondere [Visitor]
How could you not report the death of Manalemosh Dibo who passed Away on Nov 21, 2009????

BETAM TASAZINALACHU nazi.com, you are all a bunch of racist ZEREGNOCH.
nazi.com TIWUDEM
ETHIOPIA as ONE TIKDEM !!!
PermalinkPermalink 11/24/09 @ 04:10

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msg Comment from: Tad 100%Ethiopian [Visitor]
The camels are still they are going.....
The dogs are still .....
God bless Ethiopia
PermalinkPermalink 11/24/09 @ 04:11

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msg Comment from: Biya Oromia [Visitor]
I would believe BBC and the ECONOMIST when I am a child like 99 year old.

Till then, I will just smile as they outdo eachother to discredit themselves.


p.s. I am not sure what Britain is trying to extract from Woyane but there is some curious affection between the two. May be it has something to do with Yohannes IV's help to Napier and so on and what with the vulnerability of the TPLF that can be exploited to the full extent and so on.... Eitherway there is a lot of propoganda in the service of TPLF from England.
PermalinkPermalink 11/24/09 @ 05:22

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msg Comment from: Next call [Visitor]
Those who are thinking it is possible to bribe the editors of " The Economist" are unaware of this ultra conservative publication which has racist tendencies. Its intelligence report is as accurate as it gets for billionaires and hedge funds depend on it for their strategic goals. So get your fact straight before accusing it for you might be sued for libel.

My criticism of the current govt is on the premise that it doesn't have a viable opposition and for all practical reasons here to stay for the foreseeable future. I gave them credit for building infrastructure such as roads, schools, dams etc on unprecedented level. The progress in the country is for all to see. Those trying to rebut all tangible evidence are blinded by whatever motivates them.

My problem is what should this govt do to tackle this problem of drought and the food shortage resulting from it. We cannot tackle this problem so long as the farmer is depending on farming small patch of land to which he doesn't even possess a title. According to study by experts at George Mason university, there lies the problem of tackling the problem. I agree with them 100%.

As to those who are doubting the importance of tourism, they should look at France, USA, Egypt, Spain where tens of millions of tourists flock so much so the Govts of these countries aggressively target visitors. Spain and France alone have over 60 million of these while our country, excluding expatriates probably hosts a quarter of million at best. But for that to happen, We have to open the Gates at Bole to all foreign operators. The current monopoly ( Ethiopian Airlines) is not welcoming to them despite the obvious benefit of competition at Bole. This wont happen so long as the Govt is blinded by ultra nationalist sentiment.

For tourists to flock en mass, we have to teach the locals not to hustle them by accosting these individuals at every corner. of course, we have to tackle the massive beggar problem which is disgusting and not a welcome for those trying to part with their hard earned $$. We cannt forget that there is a lack of food palatable for most tourists save in Addis and some other towns. Injera is good and well for most of us but the majority of tourists aren't used to this exotic food, in spite of efforts in Washington DC and elsewhere. So no doubt we have to address this problem.

We have to be as objective as possible when writing in this forum and give credit where it is due but not forget that more could be done to accelerate the economic progress which is for all to see.

This said, there will always be folks who will need assistance of some sort.There are tens of millions of poor Indians and Bangladeshis who get aid from their govt. Ours is extreme, there lies the problem. So long the Govt which seems to be with us for the foreseeable future, given the disarray of any viable opposition, we have to press them to improve on what has been achieved. That is a matter of national pride and patriotism.

The land tenure system which is in existence since EPRDF toppled The Dergue hasn't worked. It is time to revisit it after all, one has to learn from his/her mistake. If the system didn't work for two decades what makes it any more practical as population explosion is underway! I am pessimist given the stubbornness of those at Arat Kilo, I just pray that they reform before tens of millions of our compatriots will be victims of El Ni no or El Nina which is just a year or two away for Global Warming talks are just talks and no one is serious about remedying their disastrous affect on Nations like ours.
PermalinkPermalink 11/24/09 @ 05:31

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msg Comment from: sara [Visitor]
MESFEN,

what does this mean man? "shint bet sekemet". i don't understand but what i know is that you are on a differnt planet please do your self a faver and come back to earth..
PermalinkPermalink 11/24/09 @ 07:16

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msg Comment from: mesfin B [Visitor]
FYI - It is with sad sentiment that I am passing my condolence to the Manalmosh Dibo's family.
She was one of the uprising singers, and I am sure she will be missed by all her compatriots and her fans.
May God bless her soul.
Nazret.com, I thought this was rather noteworthy, than the Economist fallacy. Wouldn't you agree?
PermalinkPermalink 11/24/09 @ 07:24

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msg Comment from: sa.>>% [Visitor]
ye nuro widnet?
life standard lived yesterday is cheaper than tomorrow and today.
inflation may be the term to define.
7% growth is possible with lack economic balance.some times it is ok to ignore maths and study economics.but hard to lecture numeric.if you love to bribe; you can co-rapt mind.if you hate easy (+,-,/,*) still ;you can live doing ∞ (infinitely) many mistake in you life. 1+0=1
1-0=1
1*0=0
1/0= no one answer.
if you know what i mean.
i wish you feed my people with out making news.
hold on!
i dont trust politics.but i know melse is smart and lack his peoples understanding.

PermalinkPermalink 11/24/09 @ 07:54

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msg Comment from: Rahel [Visitor]
:D It is pretty exciting to hear our country is growing and hopfully our GDP becomes strong to generate job for many of our vunerable people.
PermalinkPermalink 11/24/09 @ 08:52

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msg Comment from: habeshagegna [Visitor]
OMG! Growth! in Ethiopia? the GDP, it must be a jumscum from the economist. Otherwise in a country where the majority are struggling to make it through a day, where famine is at the corner and nobody knows how many people are at the verge... comeon economist! you are better than that. This is nothing but an insult-let's be honest.
PermalinkPermalink 11/24/09 @ 09:00

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msg Comment from: Nedo [Visitor]
Where is the beef? Is the average person better off today than yesterday Did the promise of having 3 meals a day realized ?

Never trust TPLF since, we have seen them time and again their model of governance is based on deception corruption and lies.
PermalinkPermalink 11/24/09 @ 09:17

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msg Comment from: me and my people [Visitor]
This is absolutely absurd. How come an economy that has been falling from a cliff is even considered worth discussing at a growth level? The point is that the world has already bought this idea of letting some one voice his views whether it is factually accurate or not. Damn...
PermalinkPermalink 11/24/09 @ 09:35

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msg Comment from: Alama [Visitor]


MELLESE ZENAWI HAS TOLD US 6 YEARS CONTINEOUS GROWTH 12% EACH YEAR AND NOW WE ARE HEAR WITH 14 MILLION LOOKING FOR FOOD IF THE ECONOMY GROWTH IS LIKE ZENAWIS I DONT THINK WE NEED THAT RATHER ENOUGH TO EAT FOR OUR FUTURE GENERATION YOUTHS SO THAT THEY CAN BE SUCESSFUL ETHIOPIA EVEN HAD MORE RESPECT DURING DERG ERA THAN THAT OF THESE OUTLAWS FROM DEDEBIT
PermalinkPermalink 11/24/09 @ 09:58

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msg Comment from: Tefera [Visitor]
the news about the 7% ethiopias economic growth is causing the diaspora blood pressure to rise:no:. take it easy fellas even if ethiopia economy grows by 100% ethiopia under the hands of the man you hate will still be poor. i know exactly what your fear is and believe me poor ethiopia will not disapoint you.
PermalinkPermalink 11/24/09 @ 10:56

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msg Comment from: dere [Visitor]
The Economist promotes the Western interest. They also echo the terrorist TPLF's bogus cooked statistics. The West in collaboration with the terrorist TPLF have nothing to show for tens of billions of taxpayers money from back home wasted in Ethiopia for nearly 20 years except bogus statistics. We have been so used to the shameless, barren and never ending lies of the terrorist TPLF for the last 35 or so years that it hardly gets our attention or raises to a level of surprise when the terrorist TPLF tries to lie right in front of our eyes that something that is white is black or something that is black is white. What we are getting used to currently, at least for some of us, however,is the lies of the Western diplomats in Addis Ababa. They always tend to echo the lies fabricated by the terrorist TPLF no matter what the facts are or despite the glaring facts to the contrary on the ground. For instance, a recent report by an international media about the never ending cycle of famine in Ethiopia reads "In Addis Ababa Ethiopian and Western officials voice disapproval of doom-laden reports that fail to acknowledge the progress being made, or the differences in scale between the famine of 1984, which killed a million people, and the situation today. In private they acknowledge that Mr Meles and his Government are deliberately frustrating and delaying official assessments of the scale of the country’s humanitarian needs and blocking access to some areas where the situation is worst. The latest UN estimate, to be released this Friday, is due to revise its figure upwards to nine million for those who will need help. Arguing that the definition of those in need is too broad — it includes those who are in a position to sell assets to buy food — the Government wants to change the way the figures are calculated to reduce that figure to 5 million." The motive for the naked and barren lies of the Western diplomats is crystal clear to every body. They want to hide the facts because they are equally guilty and responsible as the terrorist TPLF is for the untold misery Ethiopia and the Ethiopian people are forced to find themselves in. They have been touting terrorist Meles as a 'democrat, progessive and agent for economic development' for nearly 20 years but the facts on the ground do not support such piling up of praise on a notorious terrorist dictator. To the contrary, the facts keep bubling up to the surface through the blanket of the hugly thick layer of lies, to the dismay and embarassment of the terrorist TPLF and its Western enablers, to tell the world the grim reality in the country. No amount of praise by the Western diplomats can change a brutal terrorist dictator that terrorist Meles is into a democrat. Terrorist Meles was born terrorist, raised terrorist and will die terrorist. The Western diplomats in Addis know full well that terrorist Meles deserves none of the above attributes but they have to do that in order to justify for the money they have been pouring on him to maintain, lubricate, strengthen and update his brutal terrorist repressive machinery against the Ethiopian people. It is not like terrorist Meles juggled the Western diplomats into doing what they are doing to the Ethiopian people today. They are fully aware of what terrorist Meles has been up to for the last 20 years and they are fully aware of what has been going on in Ethiopia all along. These people know full well what they are doing and they are doing what they are doing on purpose and with delibrate motive. The Western officials know full well whatever money their pour on terrorist Meles gets wasted in corruption. They have been colluding with the terrorist TPLF in the corruption of the aid and loan money obtained in the name and on the shoulder of the Ethiopian people. The Western officials are engaged in this repugnant, immoral, unethical and illegal activities in order to get their fair share of the corrupt money that they use to pay up their mortgages in their home countries and to help send their children to school. As long as part of the aid and loan money makes its way back to the personal accounts of these western diplomats, they do not care about the plight of the Ethiopian people and they just keep butressing terrorist Meles with taxpayers dollars, euros and pounds. It is scratch my back and I will scratch yours. The western diplomats are the culprits for the misery of the Ethiopian people including for the never ending perrenial famine in the country. They are guilty and responsible for knowingly aiding, abating and enabling one of the most brutal viciuos terrorist groups like the terrorist TPLF and its ringleader terrorist Meles. Twenty years is a very long time by any standard to effect change and obtain results to show for. Terrorist Meles and his Western collabortors have nothing to show for after nearly 20 years and after wasting tens of billions of dollars except a few kilometers of roads and sporadic and scattered low rise buildings in Addis constructed by Chinese enginers and laborors. That is why the Western officials in Addis have the same personal stakes in hiding the real number of the current famine victims in the country as the terrorist TPLF has. In echoing the dramatically lower number of victims than the real one, the motive of the western officials is as much attempting, albeit in futile, to cover up (CYA in order to CMA) for the terrorist TPLF as for themselves. That is why the western officials keep lying and echoing terrorist TPLF's lies. They are both perpetuators and collaborators in the plight of the Ethiopian people. dere
PermalinkPermalink 11/24/09 @ 10:59

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msg Comment from: Jegna [Visitor]
"although the country's GDP per head still lags far behind of Kenya."

That was the only useful information they tried to hide in the rest of the useless report. The Economist might not come out and directly lie but they do manipulate the numbers to support whatever their point of view is. GDP growth might sound impressive but let us say it is true, our population is growing at over 3% annually which is one of the highest in the world. So even if such growth is occurring, when you factor in the uneven distribution of wealth and population growth it doesn't really mean much in terms of improving the quality of life.
PermalinkPermalink 11/24/09 @ 11:21

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msg Comment from: Zman [Visitor]
If this is TRUE (which I doubt it or maybe it is because it will go up from 0.2% to 7%), then there is no surprise here. The question is why it takes WOYANE all this year to make this progress? Woyene is one of the Ethiopian government who existed in power for long time without a real conflict(war) (except the self inflicted 2 year with Eritrians) YEY woyane failed to make the progress because they are greedy, ethnicities and narrow minded.
PermalinkPermalink 11/24/09 @ 11:52

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msg Comment from: Extraterrestrial [Visitor]
I know how it hurts to hear positive news of Ethiopia to the traitor diaspora but there can be no sympathy to this kind of enemies of the Ethiopian people.

Keep crying like a neurotic child day and night.
PermalinkPermalink 11/24/09 @ 12:10

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msg Comment from: Jemal1 [Visitor]
Gragn Ahmed [Visitor]
That is an called for to insult your own felow fellow country men and women as Lemangs. This is no difference than some nut cake retards in this site insulting all law abiding peacefull Moslims as Terrorist. Please refrain from this type of comment. It only add fuel to the fire of hatred!

Peace!
PermalinkPermalink 11/24/09 @ 12:50

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msg Comment from: Mastewal [Visitor]
Boldnugly, stop playing bankrupted ethnic cared. weak up man! If you throw hate against the wall it come back to you and destroys you.
PermalinkPermalink 11/24/09 @ 12:53

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msg Comment from: Jemal1 [Visitor]
Shegaw - Yayew Hulu Yidenekal [Visitor]

We all dirt poor (we mean both Moslims and Christians of Ethiopia).So let's stop splitting hair!
PermalinkPermalink 11/24/09 @ 12:59

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msg Comment from: Mastewal [Visitor]
Boldnugly, stop playing bankrupted ethnic cared. weak up! If you throw hate against the wall it come back to you and destroys you. If you have a healthy mind you need to be happy when your country shows some progress to get out from deep poverty. Then you don’t have to send that mach money to your family. eventually, you will have some life where ever you are, I mean if we are the same page.
PermalinkPermalink 11/24/09 @ 13:04

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msg Comment from: Jemal1 [Visitor]

Let's be realistic. We are starting from a very low base. So a 7% GDP increase does not make us the 5th largest economy...infact if we continue with 10 percent increase every year, it will take us decades to catch up
with some of the countries in Africa let a lone in the world. The good part at least this is going in positive direction!
PermalinkPermalink 11/24/09 @ 13:10

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msg Comment from: danny [Visitor]
economist gets stats from woyane. lol

More like the fastest starving country.

1984 6 million

1991 8million

2000 10 million

2003 14 million

2008 14 million

2015 90 million.

It looks like meles is on his way to a "malthusian crunch". Meles is proving a dismissed theory. Poor ethiopian people.
PermalinkPermalink 11/24/09 @ 14:52

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msg Comment from: ankober [Visitor]
jemal 1
you are good thank you.
PermalinkPermalink 11/24/09 @ 14:55

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msg Comment from: yoni [Visitor]
Lekim Ye-Woyane Leba [Visitor

0
PermalinkPermalink 11/24/09 @ 15:11

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msg Comment from: yoni [Visitor]


Lekim Ye-Woyane Leba [Visitor

How could i be that smart "enatih guya wist kooch biye"?...more like lucky...so leave me alone till the old lady sings....
PermalinkPermalink 11/24/09 @ 15:12

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msg Comment from: Ato [Visitor]
sara to MESFEN,
"...what does this mean man? "shint bet sekemet". i don't understand..."
:D:D:D

sara,
Please double check your name! I hope your second name is not Nega Birhanu!

"Sara Nega":P:p
:D

-------------------

PermalinkPermalink 11/24/09 @ 15:22

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msg Comment from: almaz addisu [Visitor]
I think at long last we are seeing a light at the end of the tunnel
PermalinkPermalink 11/24/09 @ 15:49

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msg Comment from: beti [Visitor]
it is good news for those who have
optimistic mind but shock for pesimistics thatis interprete every thing negatively
u always expect negative from international media what about good news , some of u feel sick if u hear good news .so no more bad news about ethiopia even the politics is going well not only economics
PermalinkPermalink 11/24/09 @ 15:54

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msg Comment from: Tariku Yemesker [Visitor]
I like to hear from Psycho prof. Al, what his assesment is from the economist magazine.

He is Diasporas mental therapist.
PermalinkPermalink 11/24/09 @ 16:01

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msg Comment from: g [Visitor]
Jegna Gondere [Visitor]
what is this death got to do with the economy?
who cares about gendere azmari except stupid gonderes who think the world revolve around gonder
PermalinkPermalink 11/24/09 @ 16:38

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msg Comment from: ggreat [Visitor]
The Economist must be promised a piece of land in the south.
PermalinkPermalink 11/24/09 @ 17:16

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msg Comment from: Ethiopiawit [Visitor]
cooked data...The Economist does not know that almost all the economics data is cooked by the so called woyanne Economists .:D
PermalinkPermalink 11/24/09 @ 17:58

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msg Comment from: Jemal1 [Visitor]
The pissing match between supporters of doom and gloom economy versus a boom economy will continue... But the real truth lies in between. As it stands now both groups are using hyperboles to get their point across. The fact of the matter is neither Ethiopia will disappear from the face of the earth because of it’s problems nor it will become the next China or India in a few years.
PermalinkPermalink 11/24/09 @ 18:10

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msg Comment from: WOYANE HUNTER [Visitor]
WHO IS THE REPOTER OF THIS ECONOMIC GROWTH lekim (LEKIMKIM)????BOGUS AND BASELESS WOYANE POLITICS.:)):)):)):no:
PermalinkPermalink 11/24/09 @ 19:56

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msg Comment from: NEW ETHIOPIA [Visitor]
To those of you who have bad negative
atitude towards the growth of Ethiopia
1. you have been with the Derg and killed
a lot of inocent people.
2. you are EPRP chased out by EPRDF
3. you are cudu who wanted the power
very badly with out wing the election
4. you are Gunbet-7 who wanted power
by cudeta
5. you are iliterate, so you can not go home
home and compute with others.
6. you are poor so you can not invest
in Ethiopia, ALL of the obove
have negative atitude towards thier mother land. The DONKY SAID LET THE GRASS BE NOT GROW IF I DIE.
SO THAT IS WHAT YOU ARE YOU FALKS.
Wethere you like it or not the country will grow, this is our time.
pease for all of us.
PermalinkPermalink 11/24/09 @ 20:00

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msg Comment from: Gobeze [Visitor]
New Ethiopia,

you failed to mention SHABYANS- who got their ass whooped by Ethiopia and are now crying day in and day out expecting their filth here will make a dent in Ethiopia's spectacular progress.
PermalinkPermalink 11/24/09 @ 20:16

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msg Comment from: Extraterrestrial [Visitor]
Tariku Yemesker [Visitor]

"I like to hear from Psycho prof. Al, what his assesment is from the economist magazine.He is Diasporas mental therapist."

I don't think Al Mariam will temper the Economist Megazine, even if he did it will be very carfully and will not sound like him as he is used in a defamation language in expressing his hate towards the Ethiopian government.

I don't think he is fool enough like "Lalibela [Visitor]" to say "Be vigilant my country men Legese is bribing the Economist." without having any evidence of the Economist Megazine have taken bribe to publishe its report.

Al Mariam knows very well the legal consequesces of such statments. There can be no escape from a criminal and civil liability when freedom of speech or privacy is against the public interest. All freedoms have limitation and stood in the perfect balance of the individual and the public interest, any disbalance in the use of this freedom for sure have consequesces.

For many people opening their mouth without any limit had become the norm at this website but, there are limits to this freedom of speech. In many occasions there are cases where a website owners were ordered by a court to turn over identification information of people who got involved in a defamation activity just like "Lalibela [Visitor]"s alligation of "Legese is bribing the Economist." without having the evidence. Hate, libel and Slander on the web can bring unexpected results. Bad mouthing have an avoidable court costs, ligation and is prosecutable.

I also remember reading a court Procedure in which the applicant was trying to compel Google to identify an author of comments posted, even if comments are posted anonymously.

This is to say that Al Mariam is not a fool to temper with the Economist like he did with the Ethiopian government and one day we also might see the long hands of the law at work on those who open their mouth anyhow without regard of the consequesces of what they are saying.

That is why nazretoch disigned their website to protect themselves by saying below every comment "I am solely responsible for this comment...".

to be on the safe side if you want to avoid court costs, ligation, if you are unsure if what you write is libel, slanderous, prosecutable better not post it on the net.

Without having the evidence in particularly of a big company like the Economist who care about its reputaion and wrongfully accusing it might bring unwanted consequences. Others might not be as gracful as the Ethiopian government is and they might persecute you and Al Mariam is a smart man and he knows with what to play his game of hate.
PermalinkPermalink 11/24/09 @ 20:23

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msg Comment from: germognal [Visitor]
As long as the TPLF regime keeps people like Birtukan Mideksa in prison, I don't give a dime how fast it grows economically.

As someone above said, Ethiopia, under the TPLF regime, should be reported by the Economist as the "5th FASTEST STARVING ECONOMY IN THE WORLD." That would make sense!

Don't you all agree?
PermalinkPermalink 11/24/09 @ 21:01

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msg Comment from: Girum asefs [Visitor]
Majority of the haters on this site are eritreans!!!!!! Sorry guys you are left to collect the dust! Haha
PermalinkPermalink 11/24/09 @ 21:20

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msg Comment from: EthioMAN [Visitor]
Good going just needed a little correction.

Comment from: leehawma [Visitor]
long live ethiopia
Death to EPRDF
death to poverty
death to anti-ethiopian forces

WE will win

Yes we will..........!
PermalinkPermalink 11/24/09 @ 21:23

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msg Comment from: EthioMAN [Visitor]
Indeed... "where is the BEEF?"

If only true, but we all know the tplf thugs paid for this little coverage.

Lets see now. How was 2009 for Ethiopia, a nation that run out of forgien exchange? How did trade go? What is the unemployment rate? Inflation rate? What? No data ANYWHERE, NO REAL DATA. The economy of a nation whose budget is supported by aid money is growing 7%?

I would like to see that be TRUE. We all know woyane/typlf/eprdf lies. A political party that has a thug for a leader and too many names for some to care. I know you woyane supporters are going to blame us who oppose as the diaspora whatever... but hey I hate sahbia, I hate woyane and I hate anyone who lies to Ethiopians who are having a hard time making it through the day. Well, we have our difference of opinions. I do not call you Anti-Ethiopia for supporting the TPLF that helped shabia kill Ethiopians, letting our ports go, destroying our unity by dividing us in to ethnic lienes of killil... I mean I can go on. So, I suggest many here need to stop calloing those who oppose tplf anti-Ethiopian as the name Tplf says more.

All I am saying is do not lie to our poor people about growth they have been lied to enough through out the ages... what they need now is this land selling regime to die and true Ethiopians to take hold of the destiny of the nation. We are headed the wrong way, time for correction. One would think if you havn't done it in 19 years, you've missed the boat. If you held power for 19 years... you are defined as a ... DICTATOR. Im sure you woyane supporters know what that means.

We oppose because we see reality. We oppose because of all the lies this man meles dishes out while he and his goons pile their welth. A nation that is unable to feed its people showing 7% growth? What a crock.

Free Ethiopia from Z dictator meles!
PermalinkPermalink 11/24/09 @ 21:52

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msg Comment from: Abaw [Visitor]
Hey you morons, at least be happy that your country is mentioned among countries with the fastest growing economy. I guess you are so comfortable with the drought and famine stories.
PermalinkPermalink 11/24/09 @ 22:02

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msg Comment from: EthioMAN [Visitor]
New Ethiopia, you are dead wrong. As this is a democratic forum, the right of the individuale to state his/her opinion is protected. If that was not so, you would not have come forth with such an un-educated statement.

Comment from: NEW ETHIOPIA [Visitor]
To those of you who have bad negative
atitude towards the growth of Ethiopia...

I say,
Well, I was against tplf and the lies. Tplf/eprdf is not Ethiopia dude.
1. you have been with the Derg and killed a lot of inocent people.
a) Wrong. I was never with z derg. Hated derg.
2. you are EPRP chased out by EPRDF
b) Never eprp. Hated them too.
3. you are cudu who wanted the power
very badly with out wing the election
c) Nop. Not that either. But CUD won.
4. you are Gunbet-7 who wanted power
by cudeta.
d) Nop not me, not that either, but...total fabrication about the cu.
5. you are iliterate, so you can not go home
home and compute with others.
e) Wrong again. No need to say what but many here are with 1 or 2 degrees.
6. you are poor so you can not invest
in Ethiopia, ALL of the obove
have negative atitude towards thier mother land.
f) See what an illitrate point of view you have for those who have a right to say their piece. Opposing a dictator is not having a negative attitude.

The DONKY SAID LET THE GRASS BE NOT GROW IF I DIE.
g) Bad grammar. You need to go learn English. It is you who is uneducated
SO THAT IS WHAT YOU ARE YOU FALKS.
h) Falks? Whatis that you moron?
Wethere you like it or not the country will grow, this is our time.
i) Who is we? Are you talking of being a Tigrin? A TPLF hoodlum? What?
pease for all of us.
j) Pease? Ante sewye, you really need to go to school.

Free Ethiopia from Meles the dictator!!!!!
PermalinkPermalink 11/24/09 @ 22:12

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msg Comment from: EthioMAN [Visitor]
Abaw,

You explain to us how is it we have over 6 million people facing famin, we depeng on aid food and dollars/euros to feed our people with such high unemployement, high inflation and other economic problems and yet... we have a 7%growth. How is it that a nation that depends on aid money so much to balance its budget can come up with such high growth rate?

Morons is it? If we are not happy because our people are starving in the middle of such economic growth, does that mean we have to settle for our country being mentioned in some news cip? Why, we have many other people who make us proud not that true Ethiopians need a lie to make them happy, unlike you.

Free Ethiopia from the dictator Meles!!!!!!!
PermalinkPermalink 11/24/09 @ 22:22

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msg Comment from: guroweshebaye [Visitor]
Hi melesawuyan!
I know you're so tired of the celebrations of this news and unable to enlighten us the miracle behind this news. Is the farm lands lease the reason for the would be growth?
Could somebody tell us what the chinese press is wrting about this news?
I don't know why many are skeptical of the news. For me it's not something I would be surprised about it_as far as I see it doesn't give us any detail information to argue against it. There would be a growth of economy. What many of us don't understand is that statistics is sometimes illussory. Did the news indicate that the economy would grow in a balanced way_how much would be the industrial growth? ..the agricalture?...the service sector...?...
Yes. The so called investment in the agriculture...might bring some growth of the economy.
As some data indicate about 80% of the country's labor force is ...in the agriculture...
What I expect is 90% of that labor would be homeless because of the much talked about land leases...You know why? As we know the ethiopian farmers are engaged in a backward farming. Their income is very meagre. Due to the lease these poor farmers cannot compute with the would be investors products. They cannot even feed themselves(assuming what meles told us is correct_according to him very few are ineed of food assistance). First land rent would be very high. Second, seeds and other necessary inputs would be expensive...The investment in the sector might take 10% of the labor force now engaged in the sector.
Where would the rest of the labor force would go?
meles is inteligent. Who know he is going to industialize the moon.
Then we would expect the fruit of the fast growing economy.
Otherwise be ready for another revolution.
To the skeptics:
Please,please...leave these kids. Let them enjoy the illussion. Those who don't have confidence in themselves always get anoyed of small things. small successes jubilat them . They were smelling (only) gun poweders invain_social elm is gone. Didn't materialize.
You can see this just by checking their arguments. Their main argument is that the diaspora is a hateful and why it doesn't accept such MIRACLE". Can they cite one fact? Not at all. The gun powder has destroyed their brains. I feel sorry when I say this. Because many of them were mislead and joined the struggle.
I hope the new generation won't be a victim of the globalization. We were the victims of the cold war.
PermalinkPermalink 11/24/09 @ 22:43

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msg Comment from: James Kebede [Visitor]
They selected a guest chef, Marcus Samuelsson of Aquavit in New York, an American citizen who was born in Ethiopia, reared in Sweden and cooks up melting pots of flavors and cuisines.

And at the tables, the meatless menu included a mix of Indian and American favorites, including some African-American standards. Collard greens and curried prawns, chickpeas and okra, nan and cornbread were served to the 320 guests — including some well-known Republicans and prominent Indian-Americans — who started off with arugula from the White House garden and finished up with pumpkin pie. (After a tasting at the White House on Sunday, the Obamas gave the dishes their stamp of approval, Mr. Samuelsson said.)

-Modern Flourishes as Obamas Host First State Dinner - NYT

http://xrl.us/bgdsgy

http://xrl.us/bgdse4

http://xrl.us/bgdsib
PermalinkPermalink 11/24/09 @ 22:43

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msg Comment from: 100% EHIOPIAN [Visitor]

Thank you Nazreth.com As soon as I read good news about my Country, I was very, very happy. Still now I am happy. I don't care the negative outcomes after...

2008 "CIA WORLD FACT BOOK" IMF & GDP

All World $60,917,477 Trillions

#1 EU $18,387,785 t
#2 USA $14,441,425
#5 GERM $3,673,105
#41 NIGERIA$207,116
*#88 ETHIO $25,658 BILLIONS
#155 ERIE $1,476
#179 KIRIBATI $137 MILLION
PermalinkPermalink 11/25/09 @ 00:22

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msg Comment from: Gebrekidan [Visitor]
Bravo bravo ......Ethiopia and Ethiopians. Well done.
PermalinkPermalink 11/25/09 @ 00:46

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msg Comment from: Seleme [Visitor]


. . .is there any changes for the daily lives of our poor people?. . .is there any changes?. . .:no:

. . .poor become poorer and rich become richer. . .this BS growing economy is only for those CRONIES and families of LEBA REGIME who enjoyed their massive LOOTINGS!!! no more less!!!

. . .nice try and nice fooling propaganda for this coming election :no:. . .


FASTEST GROWING, FASTEST LOOTINGS!!!!




PermalinkPermalink 11/25/09 @ 05:18

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msg Comment from: YD [Visitor]
IMF and wolrd bank officials always collaborate with dictators in order to get high commision from the money offer to dictators. Imagine if the money alloted to ethiopia (by World bank) be $10 million, then if dictator commision the officials 1-2%, the commisioned money will be $100- 200K. Also take into consideration the number of dictators all over the world. The dictator in turn take 10- 20% of that while the remaining amount of money is distributed hierarchically to governing body till kebele cadres. That is why poors remain poor and corrupted leaders get rich. So the IMF/world bank data quoted by economist is a trading between commissioned body and the dictators. Could this be the explanation? kkkk
PermalinkPermalink 11/25/09 @ 06:03

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msg Comment from: D [Visitor]
"If Ethiopia's GDP growth forecast is accurate, Ethiopia could soon surpass Kenya, to become East Africa's biggest economy, although the country's GDP per head still lags far behind of Kenya."

This is the key part of the report. GDP per head. Who cares if we are the largest but people are benefiting less?

And all these comments on tourism. Let's stop the nonsense. Kenya earns a lot from tourism and we can also get there because both countries are beautiful that offer a lot.
PermalinkPermalink 11/25/09 @ 06:46

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msg Comment from: sa.>>% [Visitor]
hero of ethio is eprdf. 10 reason to prove.
proof.
1 meles reads books too much.
2 most of desporas quite reading.
3 they r very unhappy with life at ...
4 usually need instability for their asylum case.
5 some are bad people of z past.
6 desperate of getting rich by power
7 complainers for every thing r,....
8 they were weak at school and they cant compute 4 decent and good paying job.
9 most of them steal cash from their work place like 20,37,59.95,71.99,and try to preach as like nothing they have done wrong.
10 MOST OF ALL THEY DON'T HAVE PLACE IN ETHIOPIAN ANY MORE. JUST STAY AWAY FROM US! LET'S WORK AND LIVE OUR LIFE.
PermalinkPermalink 11/25/09 @ 08:54

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msg Comment from: afarman [Visitor]
Congratulation to Ethiopia’s Economic Success.
”Ethiopia - 5th Fastest Growing Economy in the World in 2010 – The..Economist”
The November-2010 edition of the Economist came up with a new global economic world forecasts. The Economist forecasted Ethiopia to be the 5th fastest growing economy in the world in 2010.
It’s been some time since we start to hear positive news about Ethiopia’s economic growth. The UK based magazine-The economist has been publishing positive and encouraging report about Ethiopia. Last year the economist predicted Ethiopia to be amongst the top ten fastest developing nations in the world. The same magazine has now predicted Ethiopia to be the 5th fastest growing economy in the world. Congratulation to peace and development loving Ethiopians.
I was surprised to read some comments from the toxic Diaspora’s who blindly refute the data published by the economist and other independent institutions. How can any Ethiopian with a common sense reject such good news from a renowned source. These groups would like to hear negative news about Ethiopia; they always think each and every negative development in Ethiopia is weakening the EPRDF. These groups have failed to understand one basic thing. Ethiopia’s development is not for the benefit of the EPRDF and its supporters alone, its for all Ethiopians irrespective of our political, ethnic or religious background. The roads, electricity, telecommunication, construction and building developments are for all citizens. How can an Ethiopian promote negative image of Ethiopia day in and day out just because they stood against the EPRDF. Opposing all developments for the sake of being an opposition doesn’t help anyone. Its time to wake up and smell the coffee, actually all these positive reports are making the EPRDF stronger and the opposition weaker. Its time to join hands and work for a better Ethiopia. Ethiopians from all walks of life want to see a peacefull, prosperous and united Ethiopia.
This is a great achievement for the EPRDF and its leadership. I always have confidence in the pro-poor policies of the Ethiopian government. Some toxic Diasporas who are siding with anti Ethiopian forces to destabilise Ethiopia will keep on talking the talk. The EPRDF doesn’t waste its precious time on the talk, rather its walking the walk. The vast majority of Ethiopians are now enjoying the fruits of the existing relative peace , stability and economic growth in Ethiopia. The development Ethiopia is witnessing is right there on the ground to be seen, this is not a data on paper. One can simply move around Ethiopia and see the development.
The development in housing and construction work, the expansion of road infrastructure, the building of billion dollars worth of hydroelectric plants are few examples. If one visits the service sector similar developments are visible. There are many privately owned banks, colleges and universities, 5 star hotels, schools, hospitals etc. The numbers of newly established industrial and manufacturing plants is rising. Ethiopia as we speak now is home to more than 23 Universities, lets remember we just had two universities a decade ago. The development in the housing and construction sector deserves mention here. This year alone (2009) the Addis Ababa city government is building 54,000 houses for the poor and middle income residents of Addis Ababa, Ethiopia has never seen such a boom in construction sector in its entire history. The same development is being witnessed in various regions of Ethiopia.

Ethiopia's government mission in the coming two decades isn’t just to be an economic power of eastern Africa, Ethiopia is working hard to move one ladder to join the second world countries in less than two decade. To achieve that the government is working jointly with its developmental partners and the people. The war against poverty is governments main challenge, and slowly but surely we will triumph against it. Ethiopia will continue to grow fast, those groups who see a developed Ethiopia as a threat to their survival can watch us from a distance and learn a good lesson. Ethiopia has untapped huge water and mineral resources coupled with massive fertile lands. Big commercial multi-billion dollar farms are now on the way to start mechanised agriculture with a potential to produce surplus products to satisfy local and foreign markets.

Ethiopians main concern now is to see a developed Ethiopia, we want to see a government that can lift us from abject poverty. We want to see a government that can promote positive image of Ethiopia. These is what citizens want, we citizens of Ethiopia don want to be fed by false promises by these so called opposition groups. The opposition groups should first and foremost learn how to work together. The tendency of creating coalition when election approaches and division after it ends should stop. Ethiopia needs a strong and viable opposition group who can help us to further consolidate the democratisation process.
l will continue to cast my support to the EPRDF as long as it secures peace and development in Ethiopia. As Ethiopia moves in a positive direction the government of the EPRDF will be voted to stay in power. The people of Ethiopia will rally behind the EPRDF. The majority of Ethiopians who live in Ethiopia believe in what they see and not in what they hear from certain groups. Some groups are working hard to destroy Ethiopia’s image, they always preach of doom and gloom hitting Ethiopia. The reality on the ground is however different, the country is consolidating democracy ,development and good governance. If we continue to develop in the same manner which we did in the last 5 years, Ethiopia will be an African success story. We will definitely be the African Tiger economy.

Congratulation to all who are promoting peace and tolerance amongst Ethiopians
regards
Afarman
PermalinkPermalink 11/25/09 @ 09:01

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msg Comment from: Goitay [Visitor]
This news is the worst news for loosers, but for all positive minded and peace loving Ethiopians, it is really a wonderful one.Viva EPRDF !!! PM Meles forver!
PermalinkPermalink 11/25/09 @ 10:20

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msg Comment from: David [Visitor]
EthioMan
a GDP growth simply means an increase in service and goods produced in the country compare to the previous year. and unless you have all the information and data as to how the country performed interms of investments, export, tourism and production its very hard for you or any one to counter argue against the economists who have been doing this for years and years. but one thing clear is, the growth is not obviously having any effect on the 13 or so million people who have to get assistance from donors every year.
PermalinkPermalink 11/25/09 @ 10:21

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msg Comment from: Goitay [Visitor]
Dere (Dureto),
You seem as if TPLF has immersed you i abarel ful of hot water! No matter how long your writing, may be it is full of trash.No one can learn any thing from your trash. The hate and ignorance your brain is washed with, can be non of a viable solution for Ethiopia and Ethiopians at all. Whether you like it or not, EPRDF has transferred Ethiopia from the 2nd poverty country in the world during the dergu ( your) era to the the fivth growing economy of the world. I am not saying the fivth rich economy of the world. You feel Ok if you hear misery in your own country hoping that you may come back to power? No way !!! Your time is already gone.The more Ethiopia becomes economical stronger, the more stays ePRDF in power, and the the farther goes power from you and your alikes. The more Ethiopian development is witnessed through ( Universities, Hydro electric power projects, Roads, and other infrastructures), the loudest you will cry and consequently you will die of heart attack. You are blind to witness any of the strides the courageous EPRDF party has brought to our country, because you are full of haterd and ignorant.As for PM Meles Zenawi, he is leading not only Ethiopia, but also the whole Africa in discussions of international arena like that of in the coming environmental discussion in Copenhagen.go and cry there as usual, you will be hunted this time not only by EPRDF supporters, but by all Africans who are proud of the Icon visionary, eloquent and far sighted leader PM MELES ZENAW !!!!!! GOD BLESS ETHIOPIA AND EPRDF!!!!
PermalinkPermalink 11/25/09 @ 11:11

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msg Comment from: TEDDY [Visitor]
:)):)):))Lekami Yoni and Ahya(the TPLF thug jamming Nazreth.com by tribal nicknames ,Afar Hamere ,the late Janet who vanished from the blog ,and now the shabyan born TPLF mad dog ,named by the tyrant Zenawi's propaganda media named Addid Zemen(in fact Adgi Banda)).If you Thugies believe at the economist Fairytell ,so go back to the Holly Land of your leba master ,instead of prophetising unbelievable ,childish propagandas .
PermalinkPermalink 11/25/09 @ 12:35

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msg Comment from: Ozzy [Visitor]
ATO- I have question 4 u are u against Ethiopia or Meles Zenawi???
PermalinkPermalink 11/25/09 @ 13:28

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msg Comment from: Abrham [Visitor]
I feel terribly curious to know why "ethiopians" are splashing their venom on every good things they hear about Their country.Are you going to cry for z rest of your life? are u ethiopians by the way?
some of you "economists"please shut the hell up(sorry)at least most Ethiopians know what GDP and per capital income is.Rather think about the cost you are incurring on the image of your country and your "always i know bad and hate EPRDf"psychology. you can´t love your country by exagurating the number of poor Ethiopians.what is z point you are trying to make.call me EPRDF what ever.so long!
PermalinkPermalink 11/25/09 @ 13:34

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msg Comment from: 7- ELEVEN [Visitor]
bex
anete fetala eirterawi. 88| :))
i was the one who were slaping my KEBERO @ the time of referdom :?:
PermalinkPermalink 11/25/09 @ 14:58

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msg Comment from: abraham [Visitor]
MANY PEOPLE DONOT BELIEVE THE DATA!
WHY SPECIAL WHEN IT COMES TO ETHIOPIA??? THE MEGAZINE ASSES DIFFERENT FACTORS. BUT THE FACTORS ARE THE SAME FOR ALL COUNTRIES. THE THOSE PEOPLE WHO DONOT BELIEVE THE DATA CHECK UP YOUR MIND. THE PROBLEM IS I THINK IN YOUR MIND.
PermalinkPermalink 11/25/09 @ 15:19

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msg Comment from: sami1 [Visitor]
One thing we all need to know is economy could grow specialy when you start from bottom like we did. Mengistu who is communist and do not care about economy as long as he is in power and no one challenge him from with in or out to take over land or power.


Growth is good, but there is diffence what kind of growth it is.

Many trees will be planted and most of them grow, but some are bent and not balanced. They may look good at the beginnig until they become dangerous for the properties around them and for themselve that thir root may not be going strait down and spread to gain strength.

Meles is a bent up tree. The economy growth is not healthy and inclusive to all Ethnic. They also would not last. The longer it takes to straiten them by electors by being accountable the more dangerouse they will be.

We are happy for the growth, but I hope it si more inclusieve and accountable.

PermalinkPermalink 11/25/09 @ 15:36

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msg Comment from: The Bald Philosopher [Visitor]
I, The Bald Philosopher, announce to planet earth that I am overwhelmingly happy for this tremendous news. I , The Bald Philosopher, wish to hear soon that all Ethiopian parties agreed to play the game of politics fairly. I want to see soon that Zenawi , Shawel,Lidetu, Birtukan , Gebru Asrat and all other leaders working together for the sake of our Ethiopia. CONGRATULATIONS.
PermalinkPermalink 11/25/09 @ 19:41

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msg Comment from: Zemu [Visitor]
The most difficult move to make is choosing political parties that can be trusted. We really need to understand which party has the most defined clear and articulate agenda that convinces average true Ethiopians and how they are going to achieve there struggle. But for now DERGE, SHABIA, OLF … and all kind of spoiled dirty scam bags can not be dictating us just because they are opposing Weyane’. I will rather stick with Woyane and there dirty politics until positions tolled us who they are and why we have to support them.
PermalinkPermalink 11/25/09 @ 21:04

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