Egypt eyes $366.56 bln GDP in FY2019/20

The Egyptian government is targeting a GDP worth 6.3 trillion Egyptian pounds ($366.56 billion) at current prices within the financial year 2019/2020.

The Minister of Planning, Follow-up, and Administrative Reform released the targeted GDP on Friday, in an infographic.

Earlier in April, Moody’s Investors Service (Moody’s) changed Egypt’s long-term foreign and local currency issuer ratings to “B2” from “B3” with a stable outlook.