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Egypt trims economic growth forecast to 3.5% for FY 2023/2024
Posted on December 11, 2023 |
The Egyptian government cut down its economic growth expectation for FY 2023/2024, lowering it by 0.7% to 3.5%.
Potential fluctuations in the forecast hinge on the impact of the Gaza-Israel war.
At the start of the year, the minister set a goal for Egypt to attain economic growth between 4.1% to 4.2%.