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FINANCIAL NEWS
Egypt’s economy grows by 4.3pct in Q3 of 2016/17
16 Jun 2017
(MENAFN) Egypt’s GDP increased 4.3 percent in the third quarter of last year and this year compared with the same period of the previous year.
Moreover, the jump is a result of growth in several industries, involving communication, tourism and manufacturing.
The nation’s economy has been suffering since a 2011 uprising led foreign investors and tourists away, while the government hopes an USD12bn IMF lending program.
Additionally, the balance of payments achieved a whole surplus of USD11bn in the Jan-Sep period of fiscal years 2016/17, which ends this month.
MENAFN1606201700450000ID1095562691
MENAFN1606201700450000ID1095562691
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