Cairo – Mubasher: Egypt’s economic growth is likely to rise by nearly 5.5% in 2019 and by 5.3% this year, the International Monetary Fund (IMF) said.
The economic growth in the North African nation is the main booster of macro-growth in oil importer countries in the MENA region, the Washington-based fund added in a recent report.
In October, the European Bank for Reconstruction and Development (EBRD) projected Egypt’s gross domestic product (GDP) to rise 5.5% in fiscal year 2018/2019, compared to 5.3% in FY17/18.
In July, the Egyptian planning ministry announced that the economy grew by 5.3% in FY17/18.
