Egypt’s economy seen slowing to 2% in 2020-21 if coronavirus persists till Dec. – minister

Egypt’s economy was set to grow 3.5 percent in the financial year 2020-21 which starts in July, but growth could slow to 2 percent if the coronavirus crisis persists until December, its planning minister said Sunday.
Hala al-Saeed added in a statement that the government was targeting annual growth of 5.6 percent in the current financial year 2019-20, but was now expecting 4.2 percent due to the crisis.