Macroeconomy

Hany Kadry Dimian, Ahmed Kouchouk, Amgad Hegazy, Omneya Ramadan , Ministry of Finance (Egypt) , 2008
Macroeconomy

The Egyptian economy achieved real growth of 7.2% during FY 2007/08, close to its level in 2006/07, but up from the 4.1% achieved just half a decade ago in 2003/04. Real GDP per capita income also increased by 5.2% in 2007/08, compared to just 1.2% half a decade ago. Signs of increased productivity in the Egyptian economy are also noted. Unemployment continued declining to less than 8.4% in last quarter of 2007/08 from 8.9% in 2006/07, and down from 11.1% in 2003/04.

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