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HomeWorldEgypt sees economic growth above 3pc in 2014/15

Egypt sees economic growth above 3pc in 2014/15

Egypt’s economy is expected to grow by more than 3 percent during the 2014/15 fiscal year, Finance Minister Hany Kadry Dimian said on Monday, in line with previous forecasts.

The minister spoke the day after President Abdel Fattah al-Sisi approved a revised and tightened budget for the next fiscal year, which begins Tuesday, the first step toward a period of painful economic austerity.

Reuters

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