Egypt’s economic growth rate registered 5.3 percent in Q2 of FY 2017/2018

Egypt’s economic growth rate registered 5.3 percent during the second quarter of the current fiscal year (FY) 2017/2018, Minister of Planning Hala El-Said said Wednesday during a press conference.

The economic growth rate has recorded 5.2 during the first quarter of the current fiscal year (FY) 2017/2018.

The growth rate reached 35 percent at a string of sectors such as extractive sector, real-estate, construction and manufacturing.

The total investments have posted 95 billion Egyptian pounds recording a growth of 86 percent, the minister added.

on the other hand, : Egypt’s Trade Deficit declined 15.7 percent year-on-year in the first half of fiscal year 2017/18, dropping from $21.7 billion to $18.3 billion.

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