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Egypt's Economy Able To Increase Growth Rates To 6 Percent

Source: www.export-egypt.com 3/21/2017, Location: Africa

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Finance Minister Amr El Garhy said the recent policies and reforms system aims to put the national economy on track to reduce inflation and the budget deficit.

In a statement, the minister added that such policies would contribute to increasing the competitiveness of the Egyptian market and making it more attractive to investments, especially as the country enjoys economic diversification.

All those factors enable Egypt to compete globally and increase growth rates between 5.5 to 6 percent in the coming years, the minister said.

He added that several challenges are still facing the national economy, which has been negatively affected by previous policies.

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