Fri 26-08-2022 01:07 AM
CAIRO, 25 August 2022 (WAM) — Egypt’s economy has grown 6.6 per cent in the 2021/2022 financial year, compared with a growth rate of 3.3 per cent in the previous year, Prime Minister Mustafa Madbri said on Thursday. rice field.
Madbri made the remarks at a news conference Thursday at Cabinet headquarters in New Alamein, state news agency reported.
The last quarter of the previous fiscal year was very difficult due to the war between Russia and Ukraine and the impact on development rates, the prime minister said, noting that Egypt’s projected growth at the end of the fiscal year was estimated at 6.2%. mentioned.
Madbouli added that the country’s unemployment rate remained stable at 7.2%, an “encouraging figure”.
The real challenge for the nation is the global phenomenon of high inflation, he said, revealing that inflation has reached 14.6% in Egypt.