Spokesperson of the Ministry of Health and Population Khaled Megahed revealed Sunday that the net growth of population per 1,000 individuals dropped.
The perception of international institutions is still positive towards the Egyptian economy, minister of planning highlights.
IMF also praised Egypt's proactive and targeted response to the economic repercussions of the Coronavirus.
Five sectors will majorly contribute in such improvement.
In her speech, El-Said reviewed the development experience of Egypt in recent years and the efforts of the Egyptian state to achieve economic reform,
Abdel Qawi's statements came in a conference held to examine possible partnerships between the government and the civil society.
The statements came in the second edition of the 2020 Economic Summit for Egypt.
The report speculates that the world can possibly experience a "lost decade."
The minister stated the move reflects an international confidence in the stability and solidity of the Egyptian economy.
Prime Minister Mostafa Madbouli delivered Sunday a speech at the House of Representative.
The growth of those countries combined is expected to be -1% down from 2.8% in 2019.
That is by virtue of the economic reform program undertaken by the state since 2016.
"What the Egyptian state is doing now is not just creating solutions to problems. It’s a fight for survival," the president asserted.
Prime Minister Mostafa Madbouli presented on Monday the challenges facing the Egyptian state and the key projects undertaken to mitigate their impact.
The world has been keeping a close eye on the trade war ignited by the United States that has set up barriers provoking retaliation by mainly China.
The solution just might lie in turning our eyes to rural cities instead of focusing on urban areas.
The GDP is expected to hit LE 6 trillion ($358 billion) in the FY2019-2020, achieving a 5.6 percent growth driven mainly by five industries.
Despite it leading to dwindling personal purchasing power, the decline of the local currency against the dollar has been proving a goldmine for local manufacturers.
Egypt ranks seventh with an estimated increase of 69.5 million.
Amr Tallat said that information technology contributes by 4 percent to the gross domestic product (GDP), noting that the plan aims to raise this percentage to 5 percent during the next couple of years.