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FinancialNews


  • 20-07-19

    Egyptian economic growth accelerates

    (MENAFN) Egyptian Prime Minister Mustafa Madbouli hailed the country's significant economic recovery amid reforms that the IMF supports.

    During the fiscal year 2018-19, Egypt registered a 5.6 percent economic growth to reflect significant rebound.

    Meanwhile, according to the prime minister, the budget deficit hit 8.2 percent of the GDP compared to estimates of 8.4 percent.

    Madbouli stated: "at the same time, it induces us to complete the implementation of reforms and the efforts exerted to achieve the targets for the new fiscal year."

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