Egypt's GDP grew more than four percent in the third quarter of the 2016-17 fiscal year. CGTNs Yasser Hakim reported that Egyptian officials have been projecting more growth by the end of 2017, welcome news in a coun
Egypt
's GDP grew more than four
percent in the third quarter of the 2016-17 fiscal year. CGTN’s Yasser Hakim reported
that Egyptian officials have been projecting more
growth by the end of 2017, welcome news in a
country just coming out of a season of unrest.
There's been an overall improvement over the last two quarters, after Egypt's communication, tourism and manufacturing industries were hit hard by the 2011 unrest.
Economic reforms seemed to have borne fruit over the last two years, with a reduction in subsidies, the introduction of new taxes and the floating of the Egyptian pound. Tourism, an important source of hard currency revenue, witnessed a 50 percent surge in the third quarter against 2016.
The strong numbers show Egypt is on the right track economically. However, experts warn there is still a lot of work to do, especially with social security projects to soften the burden of economic reforms.
声明:凡注明来源为"简答网"的为本站原创作品，未经许可不得转载。其他部分内容转载自网络，如有侵犯您的合法权益，请与我们取得联系（邮箱：），以便及时处理。
转载请注明原文地址：https://www.jiandongshicai.cn/en/741.html
Egypt’s GDP grows following season of unrest
下载Pdf文档到电脑，方便收藏和打印～
