Cairo - Mubasher: The Egyptian annual growth rate increased to 4.1%, exceeding governmental forecasts, recording 4.9% in the fourth quarter of fiscal year 2016/2017, according to a statement by the Egyptian Presidency.
President Abdulfattah El-Sisi met with Prime Minister Sherif Ismail, planning minister Hala Said, and her two deputies.
The presidency spokesperson revealed that the economic indicators for FY16/17 showed that the real GDP growth rate increased to the first time since 2007, with exports increasing by 10%, and imports declining by 14%.
The statement also noted that trade balance deficit declined by 26%, while unemployment rate went down from 12.7% to 12% in Q3, showing the rise in job opportunities on the back of national megaprojects.
