Egypt’s economy grew 6.2% in 2021-22 fiscal year – The National

Egypt’s economy grew 6.2% in 2021-22 fiscal year – The National

Egypt’s economy grew 6.2 per cent in the 2021-2022 fiscal year that ended on June 30, said the country's Minister of Planning and Economic Development, Hala El Said.

The figure reflects stronger-than-expected economic activity in the first nine months of the fiscal year, partly offsetting the repercussions of the Russia-Ukraine war in the last quarter.

The country’s economy grew about 8 per cent between July 2021 and March 2022, expanding 9.8 per cent in the first quarter, 8.3 per cent in the second and 5.4 per cent in the third quarter, Egyptian Cabinet data indicated.