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Egypt's economy began to recover and return to its normal growth rates in the third quarter of the Fiscal Year 2011/2012, the Planning Ministry said on 24/05/2012 in a report. In the report, which covered the economic performance in the third quarter of the Fiscal Year 2011/2012 from January to March, the Planning Ministry said the economic growth slightly declined by 0,5 percent in the first nine month of the current fiscal year, registering 1.8 percent, compared to 2.3 percent during the same period in 2010/2011.
The report mentioned that investment growth in the third quarter increased by 26.3 percent, reaching EGP 56.1 billion, including EGP 7.8 billion government investments, against EGP 44.4 billion during the same period in 2010/2011. Investments in the first nine months of FY 2011/2012 slightly dropped by 0.4 percent to register EGP 164.1 billion, against EGP 164.8 billion during the same period of the previous fiscal year, the report added.
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