Egypt’s GDP expected to hit 5% by the end of FY2017-18

GDP growth is expected to hit 5% by the end of the current fiscal year, up from 4.1% in FY2016-17, said Planning Minister Hala El Saeed, according to Reuters. The Finance Ministry had previously said it expects GDP growth during FY2017-18 to come in at no less than 4.6%. Egypt's exports are expected to increase to USD 22.5 bn by the end of year, up from USD 20.5 bn in FY2016-17, she added. El Saeed expects investments to reach EGP 646 bn, up from EGP 530 bn last year.