Egyptian economy to grow 4.5% in H2 of FY2014/15

Ahram Online , Monday 20 Apr 2015

The Arab country’s economy is recovering from four years of political upheaval

 Ashraf Salman
Egypt's Investment Minister Ashraf Salman (Photo: Reuters)

Egypt’s economic growth is expected to reach 4.2 – 4.5 percent in the second half of the current fiscal year, Investment Minister Ashraf Salman was quoted as saying by state news agency MENA on Monday.

The Arab country’s economy is recovering from four years of political upheaval as the government incentivises foreign investment and reforms budget imbalances.

The government is currently negotiating a $500 million loan from the World Bank to build affordable housing, Salman added.

 

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