Browse related articlesEgypt forecasts 7% GDP growth
Egypt: Tuesday, February 26 - 2008 at 11:36
Egypt's Investment Minister Mahmoud Mohieldin has said the Egyptian economy is likely to grow at a rate of around 7% in the 2007/8 fiscal year despite rising inflation rates, reported Reuters. He said inflation is an 'international phenomenon', but Egypt's monetary and fiscal policies 'seem to be working' to keep the economy growing. Higher food prices pushed Egypt's consumer price index for urban areas up 10.5 percent in the 12 months to January 2008, from 6.9 percent in the year to December 2007.
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Jeff Florian, Senior ReporterTuesday, February 26 - 2008 at 11:36 UAE local time (GMT+4)
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