Cairo – Mubasher: Egypt’s economic growth is expected to stand at 4.8% in fiscal year 2017/2018, according to a recent report by the African Development Bank (AfDB) on Thursday.
Moreover, the growth rate is projected to reach 5.5% in FY18/19 on the back of investors’ restored confidence, the AfDB added.
The bank also forecast the North African country’s inflation to drop to 21.2% and 13.7% in FY17/18 and in FY18/19 respectively.