Egypt’s economy grew 3% in Q3 of FY 2014/2015

Dcode Economic and Financial Consulting (Dcode EFC) revealed details of Egypt’s gross domestic production (GDP) performance in Q3 of fiscal year (FY) 2014/2015 in a Wednesday report.

The report is based on Ministry of Planning data, while data for Q4 of FY 2014/2015 has not yet been released.

Real GDP growth reached 3% in Q3 of 2014/2015, decreasing from 4.3% in the previous quarter, while it increased from 2.5% in Q3 of 2013/2014, according to Decode EFC.

However, it further showed that real GDP growth has reached 4.7% in the first three quarters of FY 2014/2015, increasing from 1.6% during the same period in the previous year.