{"id":621449,"date":"2018-11-08T04:04:50","date_gmt":"2018-11-08T04:04:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/preliminary-govt-figures-show-egypts-gdp-growth-at-5-3-in-1q18-19\/"},"modified":"2018-11-08T04:04:50","modified_gmt":"2018-11-08T04:04:50","slug":"preliminary-govt-figures-show-egypts-gdp-growth-at-5-3-in-1q18-19","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/preliminary-govt-figures-show-egypts-gdp-growth-at-5-3-in-1q18-19\/","title":{"rendered":"Preliminary gov\u2019t figures show Egypt\u2019s GDP growth at 5.3% in 1Q18-19"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Economy grew 5.3% in 1Q18-19, according to preliminary gov\u2019t figures:<\/strong> 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 <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Cabinet-meeting-No-17.aspx\">told cabinet<\/a>. Growth was driven by the gas, ICT, and construction sectors, as well as Suez Canal revenues. The government is targeting GDP growth of 5.5% for the current fiscal year. Projections for GDP growth in FY2018-19 from <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/22\/hsbc-is-bullish-on-egypt-through-2030\/\">HSBC<\/a>, the <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/04\/ebrd-sees-egypt-economy-improving-on-zohr-rising-fdi-strengthening-exports-improved-competitiveness-2\/\">European Bank for Reconstruction and Development<\/a>, <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/25\/capital-economics-sees-egypt-growth-accelerating-and-likes-the-idea-of-letting-the-egp-slide-a-bit-through-2020\/\">Capital Economics<\/a>, <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/22\/fitchs-bmi-research-revises-egypt-gdp-to-5-4-from-5-for-2018-19\/\">Fitch Group\u2019s BMI Research<\/a>, and <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/26\/preliminary-figures-show-egypts-gdp-growth-rose-to-5-3-in-fy2017-18\/\">economists polled by Reuters<\/a> have ranged between 3.8% and 5.5%. <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1XI7G3\">Reuters<\/a> has also picked up the story.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. Growth was driven by the gas, ICT, and construction sectors, as well as Suez Canal revenues. The government is [&hellip;]<\/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":[1433,571,104,72,8565,348,727,490,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621449","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-capital-economics","tag-ebrd","tag-economy","tag-enterpriseam","tag-fitch","tag-gdp","tag-hala-el-said","tag-hsbc","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7c11ad96-5b95-47de-9ce4-f23e384e2c09","order":"0","is_powered_by":true,"section_story_id":"0f969aef-b5d6-4980-ad4b-d29020bd194b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621440],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Preliminary gov\u2019t figures show Egypt\u2019s GDP growth at 5.3% in 1Q18-19 - 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\/2018\/11\/08\/preliminary-govt-figures-show-egypts-gdp-growth-at-5-3-in-1q18-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Preliminary gov\u2019t figures show Egypt\u2019s GDP growth at 5.3% in 1Q18-19\" \/>\n<meta property=\"og:description\" content=\"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. Growth was driven by the gas, ICT, and construction sectors, as well as Suez Canal revenues. The government is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/preliminary-govt-figures-show-egypts-gdp-growth-at-5-3-in-1q18-19\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-08T04:04:50+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\/2018\/11\/08\/preliminary-govt-figures-show-egypts-gdp-growth-at-5-3-in-1q18-19\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/preliminary-govt-figures-show-egypts-gdp-growth-at-5-3-in-1q18-19\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Preliminary gov\u2019t figures show Egypt\u2019s GDP growth at 5.3% in 1Q18-19\",\"datePublished\":\"2018-11-08T04:04:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/preliminary-govt-figures-show-egypts-gdp-growth-at-5-3-in-1q18-19\/\"},\"wordCount\":118,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Capital Economics\",\"EBRD\",\"economy\",\"EnterpriseAM\",\"Fitch\",\"GDP\",\"Hala El Said\",\"HSBC\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/preliminary-govt-figures-show-egypts-gdp-growth-at-5-3-in-1q18-19\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/preliminary-govt-figures-show-egypts-gdp-growth-at-5-3-in-1q18-19\/\",\"name\":\"Preliminary gov\u2019t figures show Egypt\u2019s GDP growth at 5.3% in 1Q18-19 - 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GDP grew to 5.4% in the third\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603267,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/preliminary-figures-show-gdp-growth-at-5-6-in-1h2018-19\/","url_meta":{"origin":621449,"position":1},"title":"Preliminary figures show GDP growth at 5.6% in 1H2018-19","author":"enterpriseam admin","date":"17 April 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597714,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/govt-revises-downwards-fy2018-19-growth-forecast-to-5-6\/","url_meta":{"origin":621449,"position":2},"title":"Gov\u2019t revises downwards FY2018-19 growth forecast to 5.6%","author":"enterpriseam admin","date":"2 May 2019","format":false,"excerpt":"EXCLUSIVE- FinMin revises FY2018-2019 growth forecast to 5.6%: The Finance Ministry has revised downwards its growth forecast for FY2018-2019 to 5.6%, down from 5.8% previously, according to an official document seen by Enterprise. The budget deficit declined during the first nine months of the fiscal year to 5.3%, compared to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/276.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573214,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egypt-records-3-8-economic-growth-for-fy2019-2020\/","url_meta":{"origin":621449,"position":3},"title":"Egypt records 3.8% economic growth for FY2019-2020","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"The economy grew 3.8% in the state fiscal year that ended on 30 June, despite fallout from the covid-19 pandemic, according to preliminary figures published by Ittihadiya on Saturday. The figures, discussed during a meeting between President Abdel Fattah El Sisi and senior ministers at the weekend, surpass government forecasts\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/198.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598693,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/02\/egypts-budget-deficit-hits-5-3-of-gdp-in-9m2018-2019\/","url_meta":{"origin":621449,"position":4},"title":"Egypt\u2019s budget deficit hits 5.3% of GDP in 9M2018-2019","author":"enterpriseam admin","date":"2 June 2019","format":false,"excerpt":"Egypt\u2019s budget deficit fell to 5.3% of GDP in 9M2018-2019, compared to 6.2% in the same period the previous year, the Finance Ministry said in its April monthly bulletin (pdf). The primary surplus came at 0.7% of GDP during the first nine months of the fiscal year. The numbers came\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597942,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/egypts-gdp-growth-accelerated-to-5-6-in-3q2018-19\/","url_meta":{"origin":621449,"position":5},"title":"Egypt\u2019s GDP growth accelerated to 5.6% in 3Q2018-19","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"Egypt\u2019s GDP growth accelerated to 5.6% in 3Q2018-19, up from 5.5% in 2Q2018-19 and 5.4% in 3Q2017-18, Planning Minister Hala El Said said in a statement yesterday. 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 &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/621449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=621449"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/621449\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/621440"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=621449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=621449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=621449"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=621449"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=621449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}