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FINANCIAL NEWS
Egypt’s GDP to increase by 6%
23 Sep 2010
(MENAFN) Egypt’s Prime Minister, Ahmad Nazif, said that the country’s economy is expected to grow by 6 percent this financial year thanks to the strong growth in the key sectors including tourism, exports and domestic investments, AP reported.
The current fiscal year’s foreign investments have achieved $6 billion.
Three years ago, Egypt’s GDP growth was around 7 percent and had decreased to 4.7 percent due to the global economic recession.
The last financial year, Egypt’s GDP increased by 5.3 percent and now the government’s objective is to increase the economy by 5.8 percent by the end of the second quarter of 2011.
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