February 14, 2018 / 11:23 AM / 2 months ago

Egypt's GDP growth for Q2 of 2017/18 fiscal year at around 5.3 pct - minister

CAIRO, Feb 14 (Reuters) - Egypt’s GDP growth for the second quarter of the 2017/18 fiscal year rose to around 5.3 percent from 3.8 percent in the same period last year, Planning Minister Hala al-Saeed said on Wednesday.

Egypt’s fiscal year begins in July and ends in June.

Egypt’s economy has been struggling since a 2011 uprising drove foreign investors and tourists away, but a $12 billion IMF deal signed in November 2016 is hoped to put the country on the right track. (Reporting by Moemen Writing by Arwa Gaballa; Editing by Alison Williams)

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