Cairo – Mubasher: Egypt’s economic growth rate is likely to range between 4.75% and 5% in the first quarter of fiscal year 2017/2018, minister of finance Amr El-Garhy told Reuters.
Egypt’s inflation rate is expected to drop below 15% by the end of the current fiscal year, El-Garhy added.
The Central Bank of Egypt (CBE) posted that Egypt’s annual inflation rate retreated to 34.86% in August 2017, versus 35.26% in July 2017.
