The World Bank updated its outlook for the Egyptian economy’s growth rate to rise in the current fiscal year to 5%, compared to its 4.5% projection four months ago.
Why the increase🤔: Estimates of the growth of the Egyptian economy exceeded the expectations of the World Bank for the average growth rate of oil-importing countries in the MENA region during the current year by about 2.8%, according to the latest reports by the Bank on the economies of MENA.
Also➕: In a report cited by the Middle East News Agency, total revenues increased by 11% to reach 140 billion pounds, compared to 126 billion pounds during the same period of the previous fiscal year.
