WB expects Egypt's GDP
The World Bank
Cairo - WAM
Egypt's gross domestic product is projected to reach 5.3 percent by 2019, suggesting the economy of the most populous Arab state is recovering after years of turmoil, the World Bank has said.
In its monthly Global Economic Prospects report for June, the Bank estimated Egypt's GDP would grow 3.9 percent in the 2016-17 fiscal year, which ends this month, in line with government expectations.
"Egypt's growth is expected to remain near 4 percent in fiscal year 2017 and strengthen in the two years thereafter, supported by the gradual implementation of business climate reforms and improved competitiveness, although high inflation weighs on near-term activity," the report said.
The bank sees the growth rate rising to 4.6 percent in the following year and 5.3 percent by the 2018-19 fiscal year, back to pre-2011 levels.
Egypt's economy has been struggling since a 2011 uprising drove foreign investors and tourists away.
Source: MENA
GMT 13:31 2018 Monday ,29 October
Egypt's finance ministry auctions EGP 18.5 bln T-bondsGMT 08:02 2018 Tuesday ,16 October
Egypt's finance ministry auctions EGP 1.25 bln T-bondsGMT 11:27 2017 Thursday ,21 December
Dollar exchange stable at Egypt's major banksGMT 11:23 2017 Wednesday ,13 December
Dollar exchange rate relatively stable at Egypt's major banksGMT 12:23 2017 Tuesday ,28 November
Dollar exchange rate inches up at Egypt's banksRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 13:29 2018 Thursday ,13 December
Erdogan vows Syria offensive as US warns against military action
GMT 07:51 2017 Sunday ,29 October
5 things to see at the Tokyo Motor Show
GMT 06:40 2015 Wednesday ,15 July
Syrian forces deal heavy blow to rebels in border area
GMT 06:10 2017 Sunday ,03 December
Buy it with bitcoin in New York, but it's not cheap
GMT 12:37 2017 Monday ,16 January
Al Ain’s diverse programme of cultural activities announced
GMT 07:31 2018 Saturday ,13 January
Fresh Tunisia arrests over wave of unrest
GMT 00:13 2015 Tuesday ,24 March
Kuwait riot police break up opposition protestGMT 08:03 2012 Tuesday ,24 January
Rushdie to address festival by video
GMT 09:23 2018 Sunday ,25 November
Cloudy weather, temperature remains below average
GMT 12:55 2017 Thursday ,14 September
Houthi militants targeted security personnel in Taiz killing four
GMT 13:24 2017 Tuesday ,25 April
Wael Jassar hires “Arabica Music” to handle his business
GMT 23:01 2014 Saturday ,19 July
PLO leader urges ending Israeli onslaught on Gaza
GMT 20:09 2018 Monday ,08 January
Saudi students abroad get 10% stipend raise
GMT 12:27 2018 Tuesday ,02 January
German New Year fireworks kill two, leave child injured
GMT 15:06 2015 Sunday ,05 April
Fujairah announces opening of Radio and TV Stations in new African State
GMT 16:38 2017 Monday ,25 December
Saudi consumers brace for quickening pickup in inflation
GMT 12:38 2017 Monday ,13 February
HEIO London appoints Platform Creative
GMT 12:53 2017 Thursday ,23 March
Southee out, de Kock in doubt for third Test
GMT 11:11 2017 Monday ,23 October
Slovenian President wins election but heads for run-offGMT 06:37 2012 Sunday ,22 January
I refuse revolution celebrations
GMT 14:24 2017 Wednesday ,20 December
Interior Ministry keen to achieve security & respect human rights
GMT 12:47 2017 Wednesday ,20 December
Yemen's president pledges to continue fighting against coupists
GMT 09:21 2017 Tuesday ,21 November
Clashes renewed in Syria’s Daraa and Homos
GMT 19:45 2017 Friday ,20 January
Brexit into Trumpland
GMT 10:42 2017 Monday ,13 November
Actress Dina happy for success of "The Flood"
GMT 08:05 2017 Tuesday ,14 November
Saudi Arabia still committed to Paris climate accord
GMT 13:01 2017 Monday ,20 March
Former NFL all-stars Sayers, Clark dealing with severe illnesses
GMT 14:16 2016 Wednesday ,28 December
Liverpool come roaring back
GMT 08:27 2017 Sunday ,22 October
Yemen condemns Wahat terrorist attackGMT 05:09 2012 Saturday ,07 January
Chair with book storage
GMT 16:12 2012 Friday ,16 March
Volkswagen may build vans with MAN Group
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor