Home Economy Egypt’s economic growth at 4.4% in Q1 of FY 2022/23 – cabinet

Egypt’s economic growth at 4.4% in Q1 of FY 2022/23 – cabinet

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November 28, 2022

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FILE PHOTO: Street vendor stands with vegetables and fruits on — FILE PHOTO: Street vendor stands with vegetables and fruits on a road of village market in Badrshein district on the outskirts of Giza

CAIRO (Reuters) – Egypt posted economic growth at 4.4% in Q1 of the fiscal year 2022/23, a cabinet statement said on Monday.

The employment rate rose slightly to 7.4% in Q1 against 7.2% in the corresponding period of FY 2021/22, according to the statement.

(Momen Saeed Atallah; Writing By MoMoaz Abd-Alaziz; Editing by Andrew Heavens)