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FinancialNews


  • 11-02-18

    Egyptian economic growth to boost in 2018

    (MENAFN) Chief Middle East Economist for Bloomberg Economics Ziad Daoud has confirmed Egypt to witness an increased economic development within this year.

    "As the bulk of the International Monetary Fund adjustments have already taken place, we expect growth to pick up this year," the chief said.

    He also pointed out key elements that are expected to drive Egyptian growth, including the decreasing inflation levels along with anticipated lower interest levels that "should boost growth through faster expansion in consumption and investment."

    Other key elements he explained to include the improving tourism sector and the growing natural gas production domestically.

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