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The National Bank of Ethiopia's 2007/2008 annual report highlights the country's substantial economic growth, with a growth rate of 11.6% in 2007/08, driven by broad-based sectoral growth, including agriculture, industry, and services. Despite facing challenges such as inflationary pressure and a widening trade deficit, the report notes that the Ethiopian economy has shown resilience and potential for continued growth, with efforts underway to mitigate the impact of global economic developments and maintain macroeconomic stability.
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