Minister of Planning and Economic Development Hala Al-Saeed revealed that the Egyptian economy achieved high growth during the first nine months of the current fiscal year. That is, during the period from July 2021 to March 2022, by 7.8 percent, compared to 1.9 percent, during the corresponding quarter of the last fiscal year.
The growth rate during the third quarter of the current fiscal year, from January to March 2022, was 5.4 percent.
Minister Al-Saeed pointed out that "the real growth rate is expected to reach 6.2 percent by the end of the fiscal year 2021/2022, driven by the growth spurt achieved in the first nine months."
Al-Saeed pointed out that "the unemployment rate during the third quarter of the fiscal year 2021/22 decreased to 7.2 percent, compared to 7.4 during the third quarter of the last fiscal year."
Source (CNBC Arabic Website, Edited)
