Minister of Planning Hala El-Said and Minister of Finance Mohamed Maait demonstrated the primary economic indicators for the first quarter (Q1) of the fiscal year 2022/2023, according to an official statement on November 30th.
El-Said revealed that the Egyptian economy was expected to achieve a growth rate of 5% in FY 2022/2023 despite the impact of the Russian-Ukrainian war.
She noted that the Egyptian economy’s three key macroeconomic goals comprised achieving a balance between growth, inflation, and unemployment.
On November 28th, El-Said announced in an official statement that the Egyptian economy recorded a growth of 4.4% during the first quarter (Q1) of the fiscal year 2022/2023 despite the challenges imposed by three global events; the Covid-19 pandemic, the Russian-Ukrainian crisis, and the undesirable climate changes.
Copyright © 2022 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).