Egypt targets 5.5% economic growth in FY2017/18: minister

Egypt rose expectations for targeted economic growth in the current financial year 2017/2018 to between 5.3% and 5.5 percent, according to minister of planning Hala El Said.

Forecast growth rate for financial 2018/2019 now stands at 6 percent,the minister said in a press conference on Saturday.

The Egyptian government is targeting a 20 percent increase in total investments, as well as reducing inflation rates, El Said further added, as reported by Egypt’s state news agency MENA.

Source: MENA