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Saturday, 31 October 2020

Egypt achieves highest growth rate in 11 years, tops ME economies: Cabinet

MENA , Saturday 15 Feb 2020
Cabinet
The Egyptian Cabinet (photo: Al-Ahram)
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Egypt's cabinet said on Saturday that Egypt has achieved the highest economic growth rate in 11 years.

An info-graphic published by the cabinet's media center indicated that the Egyptian growth rate hit 5.6 percent in 2018/2019, compared to 5.3 percent in 2017/2018. 

The figures show the continued improvement of the Egyptian economic performance and the success of the reform policies that the state has adopted since 2016, the cabinet said. 

Egypt's growth rate was expected to remain the best across the Middle East in 2020 for the third consecutive year, according to the info-graphic.

The targeted growth rate in 2020 is 6%, followed by Iraq whose growth rate is targeted to reach 5.2 percent, the cabinet added.

 

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