Economic growth rate 4.2% in 2014-2015

Minister of Planning Ashraf el Arabi said that the economic growth rate for the fourth quarter from April to June of 2015 is 4.5% in comparison to 3.8% in the same quarter in 2014.

The total growth rate of 2014-2015 is 4.2% in comparison to 2.2% in the previous year, he said.

During a press conference Saturday, Arabi said that the improvement of the economic performance is the result of a number of government reforms that took place in the past period and financial incentive plans taken by the government.

He said that the investment rate improved more than last year, adding that the government targets raising the rate to 20% within the coming years.