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Egypt expects GDP growth for FY 2017/18 at 5.2 percent

Published: Updated:

The International Monetary Fund (IMF) expects Egypt's GDP growth to hit 5.2 percent in the current fiscal year that ends in June, according to a statement from the finance minister on Wednesday.

Finance Minister Amr El Garhy said the country is targeting an unemployment rate of 9.7 percent by the end of the next fiscal year.

Egypt's fiscal year begins in July and ends in June.