Egypt's GDP Growth at 7.7% in Q4 2020-21 – Cabinet

An Egyptian man walks past a branch of the EFG Hermes investment bank in Cairo, Egypt May 29, 2018. REUTERS/Amr Abdallah Dalsh

Egypt's gross domestic product (GDP) grew 7.7% in the March to June quarter compared to a 1.7% contraction in the same quarter last year, the cabinet said in a statement on Wednesday, citing the planning minister.

 

The initial reading of Egypt's GDP growth in the fiscal year 2020-21 that ended in June was nearly 3.3%, the statement added. The country expects growth of 5.4% in the current financial year that started in July.


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