World Economy

WB: Egypt to Grow 2.9%

WB: Egypt  to Grow 2.9%WB: Egypt  to Grow 2.9%

Egypt’s economy is expected to grow by 2.9% during the current FY (2014/15), up from a 2.2% growth during the previous FY, the World Bank announced in its recent Global Economic Prospects report. Meanwhile, the government is targeting 3.2% growth rates in its economic development plan for 2014/15, as economy started to recover from dramatic slowdown triggered from political upheaval in 2011.