Egypt forecasts growth above 3%

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Hany Kadry Dimian1 Reuters. Egyptian Finance Minister Hany Kadry Dimian.

Cairo - Egypt's economy is expected to grow by more than 3 percent during the 2014/15 fiscal year, Finance Minister Hany Kadry Dimian said on Monday, in line with previous forecasts.

The minister spoke the day after President Abdel Fattah al-Sisi approved a revised and tightened budget for the next fiscal year, which begins Tuesday, the first step toward a period of painful economic austerity. - Reuters

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