Egypt to become 6th largest world economy by 2030: Economist

MOSCOW - 17 February 2020: Economist Talal Abu-Ghazaleh - the chairman and founder of the international Talal Abu-Ghazaleh Organization - said Egypt will become the sixth largest world economy by 2030 after China, India, the US, Russia and Indonesia in accordance with a US study.

During a program wired on Russia Today news channel, he said countries like Egypt and India which have large population and the highest numbers of youth have a great chance for accelerated growth.

He added that the growth rate of Gross Domestic Product (GDP) of Egypt exceeded 8 percent which is the highest in the world and even surpasses China whose growth rate stands at 6 percent.

He added that the coming generations will reap the fruits of the current Egyptian investments.