growth
For the coming fiscal year, the WB affirmed its previous forecast, predicting a 4.2 percent growth rate for FY2024/2025, while estimating a slight bump for FY2025/2026 to 4.6 percent
The report explained that the target unemployment rate for the year of the plan is between 7.3% - 7.6%, while the target is to achieve an inflation rate of 16%.
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The parliamentary report indicates that the development plan aims to increase the percentage of beneficiaries from the health insurance system, and contain the inflation rate so that it declines to 16 percent in 2023/2024.
The World Bank elaborated that Egypt's forecast reflects the expectation that its competitiveness might be increased due to the recent depreciation of the Egyptian pound.
During the meeting, the minister was briefed on the detailed explanation of the Tarboul Industrial City, which is built on a total area of 109 million square meters.
The minister underscored that the average growth rate in 2021 recorded 7.1 percent.
The president's statement came during the inauguration of New Mansoura City.
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The bank stated that growth in Egypt slowed from 3.6 percent to 3.3 percent in the fiscal year ending June 2021.
The pandemic is expected to be contained by mid-2021 as a result of discovering vaccines and making them available.
The economic and social plan of 2021/2022 by the minister of planning outlines promising figures as part of the medium-term sustainable development (2018/2019-2021/2022).
The success of economic reforms contributed to mitigating the effects of the Corona pandemic: Says Hala El-Said
Real GDP in the MENA region is now expected to grow 4 percent in 2021, up from the fund’s October projection of 3.2 percent.
Spokesperson of the Ministry of Health and Population Khaled Megahed revealed Sunday that the net growth of population per 1,000 individuals dropped.
The perception of international institutions is still positive towards the Egyptian economy, minister of planning highlights.
IMF also praised Egypt's proactive and targeted response to the economic repercussions of the Coronavirus.
Five sectors will majorly contribute in such improvement.
In her speech, El-Said reviewed the development experience of Egypt in recent years and the efforts of the Egyptian state to achieve economic reform,
