Cairo – Mubasher: Egypt aims to achieve a gross domestic product (GDP) growth of 5.6% in fiscal year 2018/2019, which is slightly lower than its previous target of 5.8%, the finance minister said on Tuesday.
The government targets a GDP growth of 6% in FY19/20, Reuters reported, citing Mohamed Maait.
Two government sources told Reuters last week that Egypt’s GDP rose 5.6% in the first half of fiscal year 2018/2019, from 5.2% in the same period a year earlier.
Maait previously stated that the North African nation was targeting a GDP growth of 5.8% this fiscal year.
It is worth noting that the country’s GDP increased by 5.4% in FY17/18.