Egypt achieved the highest growth rate in seven years

Media In – Cairo – 11 June 2018

Egypt achieved the highest economic growth rate in seven years, registering 5.4% and close to the emerging economies which achieved 6.8 in India and China.
The Ministry of Planning, Follow-up and Administrative Reform revealed that the growth rate during the first nine months of the current fiscal year was 5.3%.
Statistics showed that the growth of investment represented the most important element of payment, jumping from 34% before 2015 to 41% during the years of the development plan during the years 2015 – 2017, where the growth rate reached 7.2%.
Egypt’s credit rating from C-stage, which is close to stumbling, has reached a more stable stage at the B grade.
That growth was supported by a $ 12 billion IMF loan to support economic reform.
Unemployment indicators fell to 10.6 percent and employment rose to 26 million.