Egypt’s economy grew 5.6% YTD

The unemployment rate in Egypt recording its lowest level in 30 years during the second quarter of 2019, recording 7.5%, according to data released by the Egyptian Cabinet’s media centre.

The decline in the unemployment rate resulted by the launch of 9,039 projects between July 2014 and December 2018 with a total cost of EGP 2.1 trillion, the cabinet’s data revealed.

Egypt’s economy grew 5.6% year-to-date, compared to 5.3% in 2018. Inflation reached 4.8% in September, against 14.4% in 2018.

source: zawya