Egypt's Economic Surge: GDP Growth and Debt Reduction
Egypt has reported a GDP growth of 3.9% in the first half of the 2024/25 financial year. Additionally, the country's debt-to-GDP ratio has improved significantly, reducing to 85% from 95% two years ago, according to Prime Minister Mostafa Madbouly.
- Country:
- Egypt
In a promising economic development, Egypt has recorded a 3.9% increase in GDP growth for the first half of the 2024/25 financial year, according to Prime Minister Mostafa Madbouly.
In addition to robust GDP figures, the country's debt-to-GDP ratio has shown substantial improvement. The Prime Minister announced on Sunday that the ratio has decreased from 95% two years ago to 85%.
This economic progress marks a pivotal shift for Egypt, highlighting successful government strategies and fiscal policies.
(With inputs from agencies.)
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