Cairo – Mubasher: Egypt’s economic growth rate is expected to rise to 4.9% in 2018, compared to 4.4% in 2017, according to a recent report by the World Bank.
The Egyptian economy is expected to reach 5.6% in 2019, the report added.
The bank attributed the recovery of growth rate to the economic reforms, adopted by the country since November 2016, in addition to investment flows.
Egypt is projected to record the second highest economic growth rate among the MENA countries after Djibouti, which is forecast to score a growth rate of 7%, the bank said.
The economic growth rate in the MENA region is expected to rise to 3% this year and to 3.2% in 2019, the bank noted.
The World Bank also expected that the economic growth rate in the GCC states would rise to 2% in 2018 from 0.7% in 2017.
