April 18, 2018 / 11:23 AM / 7 months ago

Egypt expects GDP growth for FY 2017/18 at 5.2 percent -statement

CAIRO, April 18 (Reuters) - Egypt expects GDP growth of 5.2 percent in the current fiscal year that ends in June, according to a statement from the finance minister on Wednesday.

Finance Minister Amr El Garhy said the country is targeting an unemployment rate of 9.7 percent by the end of the next fiscal year.

Egypt’s fiscal year begins in July and ends in June.

Reporting by Arwa Gaballa Editing by Catherine Evans

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