23 Feb 2022

The Minister of Planning & Economic Development stated that the government has upgraded its forecast for GDP growth for FY21/22 to 6.2-6.5%. This comes in light of the exceptional growth witnessed in each of the first two quarters of FY21/22, which have exceeded the expectations of international institutions and leading analysts. Note that 1H21/22 GDP growth registered 9%. The Minister highlighted the strong growth witnessed by all sectors, led by tourism and communications, which is expected to continue throughout the year.

(Source: Ministry of Planning & Economic Development (English) (Arabic), al-Ahram (English) (Arabic), See News (English), Egypt Today (English), Xinhua (English) (Arabic), al-Maal, Amwal al-Ghad, Hapi Journal, al-Youm al-Saabe, al-Shurouk, al-Dustour, Masrawy, al-Sharq Business)