Egypt's Economy Achieves 9% Growth in H1

Prime Minister Mostafa Madbouly revealed that the Egyptian economy achieved a growth rate of 9% in the first half of this year, stressing that this achievement gives the state confidence with continued growth in the second half of the year, exceeding the growth rate during the current year of 6%.

The Prime Minister explained during a press conference that the growth rate with the third and fourth quarters could exceed 6% to be one of the highest growth rates in the world, noting that the second quarter achieved a growth rate of 8.3%, and this figure shows the extent of the Egyptian economy’s recovery and the acceleration of the growth process that has been achieved during this period.

Madbouly affirmed that the unemployment rate decreased from the first quarter, explaining that this means that the available job opportunities are in place.