(MENAFN) Egypt's economy grew 4.3 percent in the fourth quarter of 2014, against 1.4 percent year-on-year, according to Planning Minister, Amwal Alghad reported.
Gross domestic product grew 5.6 percent in the first six months of 2014 fiscal year, against 1.2 percent year-on-year, signaling a remarkable turn out, according to the minister.
The current Egyptian government implemented some reforms like cutting costly energy subsidies, forming new taxes, and amending investment law to encourage foreign investors.
"The Egyptian economy has begun to recover after the reform measures implemented by the government in the past period," the planning minister said in an interview.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.