Ministers partake in a Cabinet meeting - Press Photo Ministers partake in a Cabinet meeting - Press Photo

Economic indicators up in 2018 - Cabinet

By: MENA
Thu, Dec. 13, 2018
CAIRO, Dec 13 (MENA) - All economic indicators in 2018 showed a tangible improvement, according to the media center of the cabinet on Thursday.

Economic growth rose from 4.2% to 5.3% during the 2017/2018 fiscal year while unemployment rate declined from 12% to 9.9%.

Also, annual inflation rate went down from 26% to 15.7% and the budget deficit declined from 10.9% to 9.8%.

Cash reserves rose from 36.7 billion dollars to 44.5 billion dollars, according to the center.

Suez Canal revenues increased from 4.9 to 5.7 billion dollars, it said.
 
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