Egypt’s gross domestic product (GDP) rose 7.7 percent in the March to June quarter from a 1.7 percent contraction in the same quarter last year, the Cabinet announced in a statement on Wednesday, citing Planning Minister Hala al-Saeed.
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The initial reading of Egypt’s GDP growth in the financial year 2020-2021 that ended in June was nearly 3.3 percent, the statement read.
The North African country is expecting a growth of 5.4 percent for the current financial year that started in July.
