What's Hot

    Global demand for natural gas will grow by 36%

    June 6, 2023

    Huawei Launches F5G Intelligent OptiX Network Solutions for Africa to Help Unleash Green Digital Productivity

    June 6, 2023

    Huawei Network Summit 2023: Huawei Launches All-New Offerings in Seven Major Scenarios to Accelerate Africa’s Digital Development

    June 6, 2023
    Facebook Twitter Instagram
    Arab ModernistArab Modernist
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Arab ModernistArab Modernist
    Home » Egyptian GDP grew 6.6 percent in FY 2021/22 – Prime Minister
    Business

    Egyptian GDP grew 6.6 percent in FY 2021/22 – Prime Minister

    August 29, 2022
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email

    In the previous fiscal year 2021/2022, Egypt’s economy grew by 6.6 percent, compared to a growth rate of 3.3% in the year prior. This was revealed in a statement released by Prime Minister Moustafa Madbouli. As reported by the state news agency, the minister made the remarks during a press conference at the Cabinet’s headquarters in New Alamein City.

    Egyptian GDP grew 6.6 percent in FY 2021/22 - Prime MinisterDuring the last quarter of the previous fiscal year, the Russian-Ukrainian war and its impact on the country’s development rates made things really difficult, the premier explained, noting that Egypt’s projected growth rate for the end of the fiscal year had been estimated at 6.2 percent.

    He added that the country’s unemployment rate has stabilized at 7.2 percent, which he described as a positive sign given the current economic situation. He explained that the real challenge for the State is to deal with the global phenomenon of high inflation rates. He revealed that Egypt’s inflation rate has reached a staggering 14.6 percent at the moment.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Strengthening UAE-India relations: Top diplomats discuss economic partnership

    June 3, 2023

    Global stocks surge as US debt ceiling agreement brings relief

    May 29, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023
    Top Posts

    Game-changing Macs: Apple launches Mac Studio and Mac Pro with revolutionary Apple silicon

    June 6, 2023

    Apple redefines laptop excellence with the thinnest 15-inch MacBook Air

    June 6, 2023

    Strengthening UAE-India relations: Top diplomats discuss economic partnership

    June 3, 2023
    © 2022 Arab Modernist | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.