World Economy

Egypt Growth to Fall

Egypt Growth to FallEgypt Growth to Fall

The World Bank predicted that the Egyptian economy will register a growth of 3.9% in the current fiscal year (FY) 2016-2017 ending in June, Yahoo reported. In a previous report issued in January, the World Bank expected the GDP growth to reach 4% in the same FY then set off to reach 4.7% and 5.4% in the two fiscal years that follow. Yet, on Monday, the bank’s most recent report set its estimations to 4.6% and 5.3% in the FY 2017-2018 and 2018-2019 respectively.


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