Egypt should achieve 4% GDP growth this year -Azzam

“I think Egypt … should be able to attain the target of 4% [GDP] growth this year. I am pleased to see they started a process of reducing subsidies. It is not going to be easy,” former Chairman Deutsche Bank MENA Henry Azzam said on Bloomberg Markets: Middle East. Azzam also spoke about growth in Saudi Arabia and suggested that GDP growth figures do not reflect the whole picture due to the divergent performances of the oil and non-oil GDP there (runtime 03:59).