The Harvard Center for International Development forcasted that Egypt will be the third country that will achieve highest growth rates reaching 6.63 percent by 2026 in North Africa and globally, according to International growth projections report released on Thursday. According to the report, Egypt came after India, which ranked first with a growth rate of 7.89 percent and Uganda in the second place with growth of 7.46 percent. It pointed out that the coming years will witness growth of countries that have complex nature and diverse economy including India, Uganda, Tanzania, Kenya, the Philippines and others. “After a decade of growth driven by record oil and commodity prices, the researchers find a landscape that has shifted in favor of more diversified economies,” the report reads. On the other side, the report sheds light on the Southeast Asian countries economies saying that it will continue to dominate the global growth landscape, driven by the diversification of economies into complex manufacturing.

Source: Egypt Independent May 08, 2018 14:15 UTC