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Egypt estimates 5.8 percent growth in Q4

The Economy is already showing positive signs of recovery with the inflation rate dropping to reach almost 11% in December 2018, the lowest since 2016
© Egypt Business Directory
 

The Economy is already showing positive signs of recovery with the inflation rate dropping to reach almost 11% in December 2018, the lowest it has reached since 2016.

Egypt also registered a growth rate of 5.6% in Q3 of 2018/2019 higher than same time last year when it registered a 5.4% growth.

The average inflation rate in the beginning of 2018/2019 dropped 20 14.1% compared to a little above 30% in the year 2017/2018.

Egypt economic reforms have been stretching to different sectors of the economy, focusing especially on rationalizing subsidies and making sure subsidies are directed to those who need it.

The reforms also included focusing on boosting competitiveness, encouraging investments and inclusiveness.