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FINANCIAL NEWS
Egypt aims 4.6pct economic growth by 2018
10 May 2017
(MENAFN) The government is aiming an economic growth of 4.6 percent in its plan for the coming financial year, compared to projected 4 percent by the end of June in this year.
Accordingly, the plan for the coming year is to gradually increase the contribution of investment by 1.2 percent to reach 1.4 percent in 2018-2019.
In addition, the government is also seeking to use net exports to contribute to the increase by 0.4 percent in 2017-2018, after a negative contribution that has continued over the last few years.
Therefore, investment and exports will substitute the local consumption in driving the economic growth and will lay the foundation of a new economic philosophy adopted by the government.
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MENAFN1005201700450000ID1095465279
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