Egypt’s GDP growth for 2Q2017-18 rose to around 5.3% from 3.8%

Egypt’s GDP growth for 2Q2017-18 rose to around 5.3% from 3.8% in the same period last year, Planning Minister Hala El Saeed said on Wednesday, according to Reuters. GDP for 1H2017-18 rose to 5.2%, from 3.6% in 1H2016-17, she added, AMAY reports. She attributed the growth to a 1.8% rise in Egypt’s exports, a 1.9% increase in investments, and a 1.6% rise in consumer spending.