Egypt’s economy remained on its growth trajectory, registering a gross domestic product (GDP) growth of 2.9% in the third quarter (Q3) of fiscal year (FY) 2020\/2021.<\/p>\n
Over the first nine months of FY20\/21, the country\u2019s GDP grew by 1.9%, compared to 5.4% in the corresponding period a year earlier, the Minister of Planning and Economic Development, Hala El-Saeed, said in a statement on Wednesday.<\/p>\n
The country is projected to achieve 5.2-5.5% economic growth in Q4 of FY20\/21, the minister noted.<\/p>\n
Despite the repercussions of the coronavirus (COVID-19) pandemic, several sectors maintained its growth trajectory such as the communications, construction, transport, storage, agricultural, health, and education sectors.<\/p>\n
However, tourism and manufacturing sectors as well as revenues from Suez Canal were negatively affected by the pandemic.<\/p>\n
The communications sector\u2019s contribution to the GDP rose to 3.2% from 2.8%, posting a positive growth of 16.2%.<\/p>\n
The sectors of wholesale and retail trade, industry, agriculture, and real estate represented 51.9% of the GDP.<\/p>\n","protected":false},"excerpt":{"rendered":"
Egypt’s economy remained on its growth trajectory, registering a gross domestic product (GDP) growth of 2.9% in the third quarter (Q3) of fiscal year (FY) 2020\/2021.<\/p>\n","protected":false},"author":4,"featured_media":321746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,21],"tags":[],"class_list":["post-322216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-news"],"yoast_head":"\n