Muhammad Al-Gali wrote
Wednesday, April 19, 2023 04:09 PM
President Abdel Fattah El-Sisi directed the continuation of intensive efforts aimed at containing the repercussions of the global crisis on the Egyptian economy, and mitigating its severity for citizens. pursued by the state, and keenness to overcome obstacles facing investment in various sectors.
This came during President Abdel Fattah El-Sisi’s meeting today, Wednesday, with the economic ministerial group, in the presence of Dr. Mostafa Madbouly, Prime Minister, Hassan Abdullah, Governor of the Central Bank, Major General Abbas Kamel, Head of General Intelligence, Dr. Hala Al-Saeed, Minister of Planning and Economic Development, and Dr. Rania Al-Mashat. Minister of International Cooperation, Dr. Mohamed Moait, Minister of Finance, and Major General Mohamed Amin, Advisor to the President of the Republic for Financial Affairs.
Counselor Ahmed Fahmy, the official spokesperson for the Presidency of the Republic, stated that the meeting touched on presenting the current situation of the global economy, in light of the unprecedented challenges that have intensified over the past two years, causing disruption to global supply chains, high prices of strategic commodities, and slowing growth rates at the international level. This imposed exceptional pressure on most countries of the world.
The meeting also witnessed the presentation of indicators of the overall performance of the Egyptian economy. In this regard, reference was made to the continued growth of gross domestic product during the first half of the current fiscal year 2022/2023, and an expected growth of 4.2% by the end of the current fiscal year, in addition to the continued increase in exports and a decrease in exports. Trade balance deficit and an increase in employment rates. The ongoing efforts to support local and foreign private investment, and support it in facing current challenges and difficulties, were also presented.
