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| 14 February, 2018

Egypt's GDP growth for Q2 of 2017/18 fiscal year at around 5.3%- minister

Egypt's GDP growth for the second quarter of the 2017/18 fiscal year rose to around 5.3% from 3.8% in the same period last year.

Image used for illustrative purpose.
The Giza Pyramids are pictured behind the River Nile, houses and hotels on a cold day around in Cairo, Egypt December 5, 2016.

Image used for illustrative purpose. The Giza Pyramids are pictured behind the River Nile, houses and hotels on a cold day around in Cairo, Egypt December 5, 2016.

REUTERS/Amr Abdallah Dalsh

CAIRO- Egypt's GDP growth for the second quarter of the 2017/18 fiscal year rose to around 5.3 percent from 3.8 percent in the same period last year, Planning Minister Hala al-Saeed said on Wednesday.

Egypt's fiscal year begins in July and ends in June.

Egypt's economy has been struggling since a 2011 uprising drove foreign investors and tourists away, but a $12 billion IMF deal signed in November 2016 is hoped to put the country on the right track.

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(Reporting by Moemen Writing by Arwa Gaballa; Editing by Alison Williams) ((mailto:arwa.gaballa@thomsonreuters.com; +20 2 2578 3290;))