Egypt targets 3-3.4 percent economic growth for 2014/15

22 Mar, 2014

CAIRO: Egypt is targetting between 3 to 3.4 percent growth in Gross Domestic Product (GDP) next fiscal year, the country's Planning Minister Ashraf al-Arabi said on Saturday.

Egypt has undergone more than three years of political and economic turmoil since a popular uprising ousted autocrat Hosni Mubarak in 2011.

The economy grew a meagre 2.1 percent last fiscal year and the finance minister revised growth forecasts for this year, narrowing them to between 2 to 2.5 percent from a previously estimated 3 to 3.5 percent growth.

Read Comments