Egypt sees growth slowing to 2% in 2020-21 if coronavirus continues to December: Minister

Reuters , Sunday 3 May 2020

Egypt was expecting growth of 3.5% in the fiscal year 2020-21 which starts in July, but growth could slow to 2% if the coronavirus crisis continues to December, Planning Minister Hala al-Saeed said in a statement on Sunday.

The government had been targeting annual growth of 5.6% in the current fiscal year 2019-20, but was now looking at 4.2% due to the crisis, she added.

 

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