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FINANCIAL NEWS
Egypt to achieve 8% growth rate in five years
20 Dec 2010
(MENAFN) Egypt’s President, Hosni Mubarak, revealed that the country is targeting an average annual growth rate of 8 percent within the next five years, up from 6 percent in the current fiscal year, through a program of economic reforms, Gulf Daily News reported.
According to Mubarak, Egypt is looking for a fresh start for its economy, and in order to achieve the targeted growth, the country has to complete implementation of the agenda of reforms.
The government’s main priority remains to contain unemployment and create jobs in the country which has been able to overcome two consecutive world crises with our own resources and without our economy being severely rattled, he said.
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