Arab Finance: Egypt’s gross domestic product (GDP) growth rate at constant prices dropped to 2.3% in the second quarter (Q2) of the current fiscal year (FY) 2023/2024, Asharq Business reported, citing the Ministry of Planning and Economic Development.
This is compared to GDP growth of 3.9% in Q2 FY 2022/2023 and 2.65% in Q1 FY 2023/2024.
It is worth mentioning that Egypt is planning to achieve GDP growth of 4% during the next fiscal year (FY) 2024/2025.