Minister of Planning & Economic Development Dr. Hala El Saeed has raised economic growth rate expectations for the current fiscal year from 5.6% to 6%.
More Details El Saeed said economic growth figures for the current quarter are better than expected, & they will be released mid-February.
Why is this Important Both the IMF & World Bank recently raised their forecasts for Egypt’s economic growth.
The IMF raised its expectations from 5.2% to 5.6%, while the World Bank raised it from 5.0% to 5.5%.
Although expected growth rates vary slightly between the three sources, they all raised their expectations.
