Egypt targets 5% economic growth by mid-2018

Egyptian authorities have battled high unemployment, inflation and a collapse in tourism income since 2011Egypt targets a five percent economic growth rate in the year to June 2018, the finance ministry said Sunday as the government seeks to revive an economy battered by political turmoil. Egyptian authorities have battled high unemployment, inflation and a collapse in tourism income since the 2011 uprising that toppled former president Hosni Mubarak. President Abdel Fattah al-Sisi, who led the 2013 military overthrow of Mohamed Morsi, Egypt’s first elected civilian president, vowed to get the economy back on track after his election the following year.

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