Thndr Claps » EGY Claps » Economy 🏙 » Egyptian Economy grows 4.4% in Q1-FY2023
The ClapAccording to initial data from the Ministry of Planning & Economic Development, the Egyptian economy grew at a 4.4% rate year-over-year in Q1 of the 2023 fiscal year.
WhatThis comes slightly lower than forecasts, which initially stood at 5.5% & were then revised to 5.0%.
So whatMinister of Planning Hala El-Said said the growth reflects the solidity of the economy.
Now whatThe IMF had revised down Egypt’s economic growth for the 2023 fiscal year from 4.8% to 4.4%.
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