Egypt’s GDP registers 5.2% in Q1 of FY2017/18: minister

Egypt’s Minister of Planning Hala Al-Saeed unveiled Wednesday that Egypt’s gross domestic product (GDP) growth registered 5.2 percent during the first quarter of financial year 2017/2018.

Al-Saeed explained that GDP is on a growth path due to the fact that an approximately 3 percent increase in investment inflows was achieved during the same period. She added that some sectors have achieved 70 percent growth, such as the wholesale, agriculture, real estate, construction, and manufacturing industries.

Earlier in August, Finance Minister Amr El-Garhy said in an interview on an Egyptian television station that he expected GDP to grow by 4.6-4.8 percent in financial year 2017/2018.

Source: Daily new Egypt