Egypt’s economy increased 4.3 percent in Q4

08 Mar 2015

(MENAFN) Egypt’s economy grew 4.3 percent in the fourth quarter of 2014, against 1.4 percent year-on-year, according to Planning Minister, Amwal Alghad reported.

Gross domestic product grew 5.6 percent in the first six months of 2014 fiscal year, against 1.2 percent year-on-year, signaling a remarkable turn out, according to the minister.

The current Egyptian government implemented some reforms like cutting costly energy subsidies, forming new taxes, and amending investment law to encourage foreign investors.

“The Egyptian economy has begun to recover after the reform measures implemented by the government in the past period,” the planning minister said in an interview.

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