Egypt lowers its GDP growth target to 5.5%

Egypt lowers its GDP growth target to 5.5%
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Updated 22 March 2022
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Egypt lowers its GDP growth target to 5.5%

Egypt lowers its GDP growth target to 5.5%

RIYADH: Egypt has lowered its real gross domestic product growth target for the upcoming financial year, beginning in July, to 5.5 percent, the cabinet said on Tuesday citing the planning minister.

Previously, Egypt has targeted an economic growth of 5.7 percent in the 2022-2023 financial year.