Egypt expects up to 8 per cent growth by 2017

24 October 2010

Economic development minister says country aims return to pre-financial crisis growth levels

Egypt’s economic development minister Osman Mohamed Osman has said the country aims to get its economy growing at levels seen before the global financial crisis by the fiscal year 2016/17 and expects the private sector to play a major role in the rebound, Reuters has reported. “The Egyptian economy aims to achieve a growth rate between seven and eight per cent by the year 2016/17, with the private sector to have the biggest role in realising this target,” he was quoted as saying by the official news agency Mena. The government said last month it expected the economy to grow by at least six per cent this fiscal year.

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