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Egypt’s economy to reach 4.3 percent this current fiscal year

28 Jun 2015

(MENAFN) The Egyptian real economic growth is expected to grow and hit 4.3 percent by the end of the present financial year ending in June, a report by the World Bank showed, Al Ahram Weekly reported.

This would mark doubling the digit of 2 percent last year, according to the report, which added that robust private consumption, solid remittances, higher wages to civil servants, and contained food inflation motivated the increase.

“Accelerated public infrastructure spending, the gradual restoration of confidence especially after the March 2015 Economic Conference, and an ambitious plan to pursue large projects and improve the business environment could all help crowd-in private investment,” the report read.

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