{"id":603267,"date":"2019-04-17T04:00:42","date_gmt":"2019-04-17T04:00:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/preliminary-figures-show-gdp-growth-at-5-6-in-1h2018-19\/"},"modified":"2019-04-17T04:00:42","modified_gmt":"2019-04-17T04:00:42","slug":"preliminary-figures-show-gdp-growth-at-5-6-in-1h2018-19","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/preliminary-figures-show-gdp-growth-at-5-6-in-1h2018-19\/","title":{"rendered":"Preliminary figures show GDP growth at 5.6% in 1H2018-19"},"content":{"rendered":"

<\/a> Egypt\u2019s GDP grew 5.6% in 1H2018-19<\/b>, up from 5.3% during the same period last year, according to preliminary Planning Ministry figures announced to the House of Representatives by Finance Minister Mohamed Maait,according to \u0650Ahram Gate<\/a>. Growth was primarily driven by the gas, ICT, and construction sectors, Planning Minister Hala El Saidtold the House,<\/a>according to a cabinet statement<\/a>. Preliminary figures<\/a> released at the end of January suggested that growth over the first two quarters came in at 5.4%. The draft state budget<\/a> showed last month that the government is targeting 6% GDP growth in FY2019-20.<\/p>\n

Maait confirmed a 6% economic growth forecast for the fiscal year starting in June <\/b>and told MPs the coming year wills ee the finance ministry focusing on themes including tax reform, the broadening of the tax base through a package of incentives to bring SMEs into the formal economy, and stability in tax rates. You can read the Finance Ministry\u2019s statement on Maait\u2019s remarks to the House here (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s GDP grew 5.6% in 1H2018-19, up from 5.3% during the same period last year, according to preliminary Planning Ministry figures announced to the House of Representatives by Finance Minister Mohamed Maait,according to \u0650Ahram Gate. Growth was primarily driven by the gas, ICT, and construction sectors, Planning Minister Hala El Saidtold the House,according to a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[11457,72,348,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603267","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-budget-planning-ministry","tag-enterpriseam","tag-gdp","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"09ecb840-854a-47e6-9587-c57e18cdf61a","is_powered_by":true,"section_story_id":"4f36080e-f7cb-4f48-a4e8-e388067daa4b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[603258],"teaser":"","voice_url":""},"yoast_head":"\nPreliminary figures show GDP growth at 5.6% in 1H2018-19 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/preliminary-figures-show-gdp-growth-at-5-6-in-1h2018-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Preliminary figures show GDP growth at 5.6% in 1H2018-19\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s GDP grew 5.6% in 1H2018-19, up from 5.3% during the same period last year, according to preliminary Planning Ministry figures announced to the House of Representatives by Finance Minister Mohamed Maait,according to \u0650Ahram Gate. Growth was primarily driven by the gas, ICT, and construction sectors, Planning Minister Hala El Saidtold the House,according to a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/preliminary-figures-show-gdp-growth-at-5-6-in-1h2018-19\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-17T04:00:42+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/preliminary-figures-show-gdp-growth-at-5-6-in-1h2018-19\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/preliminary-figures-show-gdp-growth-at-5-6-in-1h2018-19\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Preliminary figures show GDP growth at 5.6% in 1H2018-19\",\"datePublished\":\"2019-04-17T04:00:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/preliminary-figures-show-gdp-growth-at-5-6-in-1h2018-19\/\"},\"wordCount\":174,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"budget. 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GDP growth in the first half of the 2018-19 fiscal year reached 5.4%, she added. The government anticipates a GDP growth rate of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/58.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570765,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/14\/finmin-leaves-fy2020-2021-gdp-growth-figures-unchanged-from-pre-covid-expectations\/","url_meta":{"origin":603267,"position":1},"title":"FinMin leaves FY2020-2021 GDP growth figures unchanged from pre-covid expectations","author":"enterpriseam admin","date":"14 April 2020","format":false,"excerpt":"BUDGET WATCH- In a climate of global uncertainty, the Finance Ministry is leaving its projection for FY2020-2021 GDP growth unchanged for the moment, suggesting the figure will come in at 4.5%, according to the draft budget (pdf) released yesterday. 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Local press reports had suggested\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/773.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543432,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/govt-ups-2021-2022-growth-forecast-to-6\/","url_meta":{"origin":603267,"position":3},"title":"Gov\u2019t ups 2021-2022 growth forecast to 6%","author":"enterpriseam admin","date":"1 February 2022","format":false,"excerpt":"Gov\u2019t ups growth forecast: The Planning Ministry has upgraded its FY2021-2022 growth forecast for the Egyptian economy to 6% or more, from 5.6%, minister Hala El Said told Bloomberg Asharq yesterday.This would be almost double last year\u2019s growth: The economy grew 3.3% during FY 2020-2021, according to official figures.The forecast\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/3.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621449,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/preliminary-govt-figures-show-egypts-gdp-growth-at-5-3-in-1q18-19\/","url_meta":{"origin":603267,"position":4},"title":"Preliminary gov\u2019t figures show Egypt\u2019s GDP growth at 5.3% in 1Q18-19","author":"enterpriseam admin","date":"8 November 2018","format":false,"excerpt":"Economy grew 5.3% in 1Q18-19, according to preliminary gov\u2019t figures: Egypt\u2019s GDP grew 5.3% y-o-y during the first quarter of FY2018-19, according to preliminary figures made public yesterday by Planning Minister Hala El Said told cabinet. 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