Egypt records GDP of 3.3% during 2020/21: Planning Minister
- 06 September 2021 / News / 244 / Fares RAHAHLIA
Egypt’s recorded a growth domestic product (GDP) of 3.3 percent during fiscal year of 2020/2021 according to the initial results, Minister of Planning Hala El-Said stated Wednesday evening.
This came during the weekly meeting of the Egyptian Cabinet, Wednesday, in which Hala El-Said reviewed the initial indicators of the performance of the Egyptian economy during the last quarter and the 2020-2021 fiscal year, as the GDP growth rate jumped during the last quarter of the last fiscal year to reach about 7.7 percent.
She added that the growth rate is expected to rise to 5.4 percent during the current fiscal year, supported by the expected significant growth in the performance indicators for the first and second quarters.
The minister explained that the achieved results confirm the increasing trend of quarterly growth rates during the fiscal year 2020-2021, which rose from 0.7 percent in the first quarter to 2 percent in the second quarter and then to 2.9 percent in the third quarter, despite the great challenges that the Egyptian economy faced during this period of the year due to the repercussions of the Corona pandemic.
It should be noted that the fiscal year in Egypt begins in July and ends in June of each year.
source: egypt today
South africa : Digitalization readiness key to unlocking SME growth potential says new Mastercard white paper
- 22 December 2021
Overall, 64% of South African SMEs say they believe e-commerce will have a positive impact on their business.The findings also indicate that South Africa, by far, is the leader in digitalization acro...
Algeria: Dakar International Fair - 45 Algerian companies participate in 29th edition
- 09 December 2021
ALGIERS- Forty-five public and private Algerian companies will participate in the 29th edition of the Dakar International Fair (Senegal), which will take place from December 6-20, said a communiqué of...