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FINANCIAL NEWS
Egypt economy to record 5.5 percent growth by 2017
01 May 2015
(MENAFN) The Egyptian economy is set to grow by 5.5 percent by the end of fiscal year 2017, according to analysts estimations, following the political and economic turmoil’s, Reuters reported.
Inflation is set to record a decrease, reaching 10.0 percent in the fiscal 2015/16, down from this year’s inflation, which is seen at 10.8 percent.
“We expect the economy to grow at about 4.5-5 percent over the next three years, which is just enough to keep the unemployment rate steady but not enough to make a big dent in it,” an economist said.
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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