Egypt Independent

Egypt revises GDP growth figures downwards



Egypt revised its gross domestic product (GDP) growth figure for the April-June quarter to 5.4 percent from a previously stated 5.9 percent, the Ministry of Planning said on Thursday.

It also revised GDP growth for the fiscal year that ended June 30 to 5.1 percent from a previously stated 5.3 percent, it said in an e-mailed statement.

The government said last month that it expects GDP to grow by 6 percent in the current 2010/11 fiscal year.