Egypt economy to record 5.5 percent growth by 2017


(MENAFN) The Egyptian economy is set to grow by 5.5 percent by the end of fiscal year 2017, according to analysts estimations, following the political and economic turmoil's, Reuters reported.

Inflation is set to record a decrease, reaching 10.0 percent in the fiscal 2015/16, down from this year's inflation, which is seen at 10.8 percent.

"We expect the economy to grow at about 4.5-5 percent over the next three years, which is just enough to keep the unemployment rate steady but not enough to make a big dent in it," an economist said.


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.