Egypt’s GDP growth rate hits 2.3% in Q2 FY 2023/24

Updated 4/1/2024 10:22:00 AM
Egypt’s GDP growth rate hits 2.3% in Q2 FY 2023/24

Arab Finance: Egypt’s gross domestic product (GDP) growth rate at constant prices dropped to 2.3% in the second quarter (Q2) of the current fiscal year (FY) 2023/2024, Asharq Business reported, citing the Ministry of Planning and Economic Development.

This is compared to GDP growth of 3.9% in Q2 FY 2022/2023 and 2.65% in Q1 FY 2023/2024.

It is worth mentioning that Egypt is planning to achieve GDP growth of 4% during the next fiscal year (FY) 2024/2025.

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