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Elham AbolFateh

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Inflation rate in Egypt slides to 12.9 % in 3Q: Government

Thursday 17/May/2018 - 08:27 PM
Sada El Balad
Ahmed Moamar
Dr Hala Al Saeed، Minister of Planning، Follow-up and Managerial Reform، reviewed today a report about the preliminary indicators of economic and social performance during the third quarter of the fiscal year 2017-2018.
Al Saeed made clear over a meeting of the Cabinet chaired by Eng. Sherif Ismail، the Premier، that rising rate of growth led to reducing the rate of unemployment from 12% to 10.6%.
Above 446 thousand jobs were created within the last three months. The new jobs were concentrated in agriculture، building and construction sectors.
In the same line، the total percentage of Gross Domestic Product (GDP) hit 5.4%.
This rate was the highest in seven years.
It was counted in light of consumption، investment and net outcome of the foreign trade.

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