Cairo – Mubasher: Egypt’s economy is forecasted to grow 4.5% in fiscal year 2017/2018, bolstered by the country’s reform programme, according to the International Monetary Fund’s World Economic Outlook report on Tuesday.
The report indicated that Egypt’s average consumer price index (CPI) for FY17/18 is likely to fall to 21.3%.
In September, the Egyptian minister of finance Amr El-Garhy expected the country’s growth rate to range in between 5% and 5.25% during the current fiscal year.
The Central Agency for Public Mobilization and Statistics (CAPMAS) on Tuesday posted that Egypt’s annual inflation rate declined 32.9% year-on-year in September 2017.
