Egypt’s economy showed stronger momentum in the first quarter of the fiscal year, expanding at a rate exceeding 5.3 percent, according to the country’s finance minister. The growth reflects improved performance across several sectors, supported by ongoing structural reforms and increased public and private investment.
The uptick suggests resilience in the face of previous economic headwinds, including inflationary pressures and currency adjustments. Officials attribute the positive trajectory to policy consistency, enhanced fiscal discipline, and progress in attracting foreign capital.
This performance could bolster confidence among investors and international financial institutions, potentially facilitating further financing and debt restructuring efforts. Sustained expansion at this level may also help ease unemployment and support household incomes over time.
However, challenges remain, particularly in managing inflation and ensuring that growth translates into broad-based improvements in living standards. Continued reforms and targeted social spending will be key to maintaining momentum.
— news from المصري اليوم
— News Original —
title: Just a moment…
content: وزير المالية: النمو الاقتصادى يتسارع ويتجاوز ٥.٣٪ بالربع الأول من العام المصري اليوم