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FINANCIAL NEWS
Egypt’s economy grows by 4.5 percent in H1 of 2015-16
29 May 2016
(MENAFN) Egypt’s economy increased 4.5 percent in the first half of 2015-2016, decline from 5.5 percent in the previous year.
Additionally, whole GDP for the cited half was USD 158bn compared with USD 0.14bn in the same period of last year.
Egypt is aiming less than 4.5 percent growth on the second half of the recent financial year and a whole of 4.4 percent of 2016.
Moreover, the country also targets 5.2 percent growth in 2016-2017 and 5 percent in the coming year, and a budget deficit of 9.8 percent for 2016-17.
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