Minister of Planning Hala Al-Said has upgraded its growth forecast for the Egyptian economy between 6.2-6.5%, up from a 6% forecast earlier this month.
More Details🧐 The Egyptian economy witnessed significant improvement in economic performance, achieving a growth rate of 8.3% during Q2 of the current fiscal year.
Performance by sector during Q2📈
- Tourism recorded a growth rate of 63%
- Telecommunications recorded a growth rate of 16.7%
- The Suez Canal recorded a growth rate of 13%
- Industrials recorded a growth rate of 10%
- Construction recorded a growth rate of 8.5%
- Healthcare recorded a growth rate of 5.7%
- Education recorded a growth rate of 5.5%
- Agriculture recorded a growth rate of 5% for the first time
- Manufacturing recorded a 15.5% growth rate
