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FINANCIAL NEWS
Egypt’s GDP to increase to 5.3pct by 2019
14 Jun 2017
(MENAFN) Egypt’s gross domestic product (GDP) is projected to increase 5.3 percent by 2019, as proclaimed the World Bank, which is lower than the WB’s forecast in Jan 2017.
Furthermore, the bank sees the increase rate growing to 4.6 percent in FY2017/2018 and 5.3 percent by the FY 2018/2019.
Accordingly, it also noted that these rates are amid the highest growth rates targeted amid emerging economies under structural reforms.
In addition, the country has one of the highest inflation rates in the world, which surpassed 30 percent due to the liberalization of the exchange.
MENAFN1406201700450000ID1095557892
MENAFN1406201700450000ID1095557892
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